Airports' modernisation: IAAI body moves SC
The IAAI body has challenged the Govt decision to allow 74 per cent private equity in joint ventures for the purpose.india Updated: Jan 30, 2006 20:52 IST
The International Airports Authority of India (IAAI) Officers' Association has moved the Supreme Court against aDelhi High Court verdict dismissing its petition challenging the Government's decision to allow 74 per cent private equity in joint ventures for modernisation of airports.
The Association said that the High Court erred in holding that the Government could allow 74 per cent private equity in joint ventures under Section 12(3)(r) of the Airports Authority of India Act, 1994 through an executive order.
Terming it as a case of excessive delegation, appellant's counsel Shree Prakash Sinha said that the Government could not have done it without the approval of Parliament under Section 43 of the Act.
The High Court had last September dismissed the Association's petition which had also challenged the validity of Section 12(3)(r) of the Act on the ground that it was in conflict with Section 12(1) which dealt with mandatory functions of the Authority.