Arbitral Tribunal Rules Against Al Hind Air, Orders Airline To Pay Rs 5 Lakh To Martin Consulting
Arbitral Tribunal Rules Against Al Hind Air, Orders Airline To Pay Rs 5 Lakh To Martin Consulting Reported By, Last Updated: July 16, 2026, 18:41
Arbitral Tribunal Rules Against Al Hind Air, Orders Airline To Pay Rs 5 Lakh To Martin Consulting Reported By, Last Updated: July 16, 2026, 18:41 IST An arbitral tribunal ordered Al Hind Air to pay ₹5 lakh plus interest to Martin Consulting for a contract breach, following a financial advisory dispute. Rapid Read Al Hind Air Pvt Ltd lost a lawsuit fought against by an aviation consultancy before a tribunal. (Image source: Al Hind Air website) An arbitral tribunal has ruled in favour of an aviation consultancy in its contractual dispute with AI Hind Air Pvt Ltd. Al Hind, a Kerala-based upcoming regional airline. The sole-member arbitral tribunal said that the claimant is entitled to a sum of Rs. 5,00,000, towards its claim along with the fees paid to the arbitrator and a further sum of Rs. 2,00,000 towards the travel and stay of the claimant’s witness and fees for the counsel for the claimant, towards costs of arbitration.
“Apart from this, the Claimant is entitled to an interest of 12% per annum on the said sum of Rs five lakhs after 15 days from the date of issuance of the termination email till the commencement of arbitration," it said. It further made clear that if the awarded amount is not paid to the claimant within six weeks from the date of the declaration of this award, the said amount shall entail an interest of 18% per annum from the due date till the date of actual payment. The arbitration award, however, can further be challenged in a court. The dispute arose between Martin Consulting (India), represented by aviation consultant Mark D. Martin, and AI Hind Air Pvt Ltd following a contract in January 2025, wherein AI Hind Air had appointed Martin Consulting as its Financial Transaction Advisor. The firm was tasked with arranging debt funding for the airline by identifying lenders and facilitating discussions.
The contract assured Martin Consulting an upfront retainer fee of Rs 1.5 lakh on acceptance of mandate which was non-refundable, a fixed professional fee and a closing fee payable if the financing successfully concluded. It was the fixed professional fee where the dispute arose, and Martin Consulting claimed a Rs five lakh compensation after the agreement was terminated. The closing fee was not claimed by Martin Consulting as no financing deal was completed. News18 reached out to Al Hind for a comment, but no response was received till the filing of this report. News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit Key Questions Answered Could this ruling impact other airline contracts? The ruling against Al Hind Air ordering it to pay ₹5 lakh to Martin Consulting for a contract breach does not directly indicate if it will impact other airline contracts.
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