Celebi says arbitration application dismissed in India

Celebi, a prominent Turkey-based ground-handling company, announced that its arbitration application has been dismissed in India. This development was disclosed in an exchange filing in Istanbul, marking a significant moment in the ongoing legal proceedings. The dismissal comes amid Celebi's efforts to resolve a dispute that has been lingering in the Indian judicial system. In response to this setback, Celebi has expressed its intention to pursue further legal action by appealing to the Supreme Court of India. The company remains determined to seek a favorable outcome and believes that the higher court may offer a different perspective on the matter. This decision underscores Celebi's commitment to exploring all available legal avenues to protect its interests. The initial arbitration application was part of Celebi's broader strategy to address concerns related to its operations in India. As the company prepares for the next stage of its legal battle, stakeholders and industry observers are keenly watching how this case unfolds. The outcome could have significant implications for Celebi's future operations in the region, potentially shaping its business trajectory in one of the world's fastest-growing markets.

— Authored by Next24 Live