Mumbai airport delays salary and vendor dues, says no access to funds

Mumbai airport, which is set for change in ownership, has delayed employee salaries and vendor payments since July due to a court-ordered status quo on the use of funds in an escrow account. Vendors have complained of receiving paltry sums for their services.

All receivables of the airport are deposited in an escrow account. Mumbai International Airport (MIAL) has had no access to funds in the escrow account since mid-July, the airport operator disclosed in an affidavit last week. The affidavit was filed in response to a petition by the Indian Airports Employees’ …