During a publicly televised bidding event, Blue World City, a real estate developer, presented its offer, which accounted for only 12 per cent of the government's stipulated price.
Dismissing the plea that claimed disinvestment was done in a non-transparent manner, the Madras HC bench of Justice V Parthiban observed that the government appeared to have taken every care not to jettison the interests of its employees.
In 2018, Adani had won the bid to 'operate, manage and develop' the Thiruvananthapuram airport along with that of Ahmedabad, Lucknow, Jaipur, Guwahati and Mangaluru for a period of 50 years.