Frivolous litigation hurts India's image as FDI destination: Bidvest

The Bidvest Group of South Africa, which is waiting to sell its 13.5 per cent stake in Mumbai International Airport (MIAL) for a year, has written to the central government, saying “prolonged and vexatious litigation” by GVK Group has led to huge losses for the company and negatively impacted India’s image as a foreign direct investment destination. “Not only has this prejudiced us, it also reflects badly on India as a jurisdiction that is conducive to foreign investment,” Bidvest wrote in a letter to the government on January 17. In March last year, Bidvest.....

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