Cairn Energy sues Air India to enforce $1.2 billion arbitration award

Business stuff with Air India; found this claim in lawsuit / article as significant --- The lawsuit argued that the carrier as a state-owned company, is "legally indistinct from the state itself". "The nominal distinction between India and Air India is illusory and serves only to aid India in improperly shielding its assets from creditors like (Cairn)," the filing said. --- Will be interesting to see how this ends up. (finance.yahoo.com) More...