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		<title>Turkish Company Celebi Aviation Faces Setback as Delhi High Court Dismisses its petition challenging ban ann &#124; Big shock to the Turkas! Celebi Company&#8217;s petition rejected in High Court, court bid</title>
		<link>https://fastnewsglobe.com/turkish-company-celebi-aviation-faces-setback-as-delhi-high-court-dismisses-its-petition-challenging-ban-ann-big-shock-to-the-turkas-celebi-companys-petition-rejected-in-high-court-court-bid/</link>
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		<pubDate>Mon, 07 Jul 2025 18:58:16 +0000</pubDate>
				<category><![CDATA[Lastest News]]></category>
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		<category><![CDATA[celebi]]></category>
		<category><![CDATA[Celebi Aviation]]></category>
		<category><![CDATA[delhi]]></category>
		<category><![CDATA[Delhi high court]]></category>
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		<guid isPermaLink="false">https://fastnewsglobe.com/turkish-company-celebi-aviation-faces-setback-as-delhi-high-court-dismisses-its-petition-challenging-ban-ann-big-shock-to-the-turkas-celebi-companys-petition-rejected-in-high-court-court-bid/</guid>

					<description><![CDATA[<p>Celebi&#8217;s Security Clearance Order: Turkia Company Celebi airport Services India Private Limited has suffered a...</p>
<p>The post <a href="https://fastnewsglobe.com/turkish-company-celebi-aviation-faces-setback-as-delhi-high-court-dismisses-its-petition-challenging-ban-ann-big-shock-to-the-turkas-celebi-companys-petition-rejected-in-high-court-court-bid/">Turkish Company Celebi Aviation Faces Setback as Delhi High Court Dismisses its petition challenging ban ann | Big shock to the Turkas! Celebi Company&#8217;s petition rejected in High Court, court bid</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p class="pf0" style="text-align: justify;"><span class="cf0"><!--StartFragment --><strong>Celebi&#8217;s Security Clearance Order:</strong> Turkia</span><span class="cf0">  Company </span><span class="cf0">Celebi</span><span class="cf0">  airport </span><span class="cf0">Services</span><span class="cf0">  India Private Limited has suffered a setback from the Delhi High Court. </span><span class="cf0">Celebi</span><span class="cf0">  on behalf of </span><span class="cf0">Bureau</span><span class="cf0">  Off civil </span><span class="cf0">Aviation</span> <span class="cf0">Security</span><span class="cf0">  The petition challenging the decision to cancel the security approval was dismissed. Delhi High Court said that the government&#8217;s decision is in the interest of national security.</span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0"><!--StartFragment --><strong>&#8216;Government&#8217;s decision against the principles of justice&#8217;</strong><!--EndFragment --></span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">operation</span><span class="cf0">  Central government has India after vermilion </span><span class="cf0">In</span><span class="cf0">  Working </span><span class="cf0">Turkia</span><span class="cf0">  Company company </span><span class="cf0">Celebi</span><span class="cf1"> </span><span class="cf0">Aviation</span> <span class="cf0">Holding</span><span class="cf0">  The security approval was canceled. <!--StartFragment -->While hearing the matter, on May 21, the Celebi Company argued that this decision of the Government of India is against the principles of justice. <!--StartFragment -->The Civil Aviation Security Bureau of Security (BCAS) canceled security approval on 15 May 2025.<!--EndFragment --><!--EndFragment --></span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0"><!--StartFragment --><strong>The company oversees ground handling</strong><!--EndFragment --></span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">Celebi Airport Services India Private Limited and Celebi Delhi Cargo Terminal Management India Private Limited oversee ground handling and cargo terminal works at various airports in the country. The lawyer of the Central Authority defended the action and pointed to an unprecedented threat to aviation security.<!--EndFragment --></span></p>
<p class="pf0" style="text-align: justify;"><strong><span class="cf0">&#8216;Decision taken in the interest of national security&#8217;</span></strong></p>
<p class="pf0" style="text-align: justify;"><span class="cf0">Celebi</span><span class="cf0">  The lawyer of Civil Aviation Safety </span><span class="cf0">Bureau</span><span class="cf0">  Of </span><span class="cf0">Director general</span><span class="cf0">  To </span><span class="cf0">Petitioners</span><span class="cf0">  He should have given an opportunity to hear before punishment and should have been given the reasons for action. </span><span class="cf0">The Center said on May 19 that the decision to cancel the approval has been taken in the interest of national security, as it was reported that it would be dangerous to continue the services of the petitioner companies in the current scenario. </span></p>
<p class="pf0" style="text-align: justify;"><span class="cf0"><!--StartFragment -->Celebi has been working in the Indian aviation sector for more than 15 years and more than 10,000 people are employed. It provides its services at nine airports. <!--EndFragment --><!--EndFragment --><!--EndFragment --></span><span class="cf0">The BCAS said in its order, &#8220;Security approval regarding Celebi Airport Services India Private Limited is canceled with immediate effect in the interest of national security.&#8221;</span></p>
<p class="pf0" style="text-align: justify;"><strong><span class="cf0">Also read: </span></strong><strong>After Operation Sindoor, India&#8217;s arms increased demand, Defense Minister Rajnath Singh made a big disclosure on the budget</strong></p>
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<p><a href="https://www.abplive.com/news/india/turkish-company-celebi-aviation-faces-setback-as-delhi-high-court-dismisses-its-petition-challenging-ban-ann-2975262" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/turkish-company-celebi-aviation-faces-setback-as-delhi-high-court-dismisses-its-petition-challenging-ban-ann-big-shock-to-the-turkas-celebi-companys-petition-rejected-in-high-court-court-bid/">Turkish Company Celebi Aviation Faces Setback as Delhi High Court Dismisses its petition challenging ban ann | Big shock to the Turkas! Celebi Company&#8217;s petition rejected in High Court, court bid</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">50758</post-id>	</item>
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		<title>Turkish Firm Celebi Share Price Crashed and 200 Million Dollar Market Cap Last after Revke Security Clearance</title>
		<link>https://fastnewsglobe.com/turkish-firm-celebi-share-price-crashed-and-200-million-dollar-market-cap-last-after-revke-security-clearance/</link>
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		<pubDate>Mon, 19 May 2025 07:57:29 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business News in Hindi]]></category>
		<category><![CDATA[celebi]]></category>
		<category><![CDATA[Celebi Share Price]]></category>
		<category><![CDATA[Celebi Shares]]></category>
		<category><![CDATA[India and Turki relations]]></category>
		<category><![CDATA[India vs turkey]]></category>
		<category><![CDATA[Operation Sindoor]]></category>
		<category><![CDATA[Operation vermilion]]></category>
		<category><![CDATA[Turkey India Relation]]></category>
		<category><![CDATA[Why Celebi Shares Crashed]]></category>
		<category><![CDATA[Why the decline in Celebi shares]]></category>
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					<description><![CDATA[<p>Celebi shares fall: It is proving to be very expensive for the company there to...</p>
<p>The post <a href="https://fastnewsglobe.com/turkish-firm-celebi-share-price-crashed-and-200-million-dollar-market-cap-last-after-revke-security-clearance/">Turkish Firm Celebi Share Price Crashed and 200 Million Dollar Market Cap Last after Revke Security Clearance</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
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<p style="text-align: justify;"><strong>Celebi shares fall:</strong> It is proving to be very expensive for the company there to support Turkey during a confrontation with India. Celi, a Turkish airport service company in India, suffered a major setback financially and in the last four days, about 26 percent of its investors were submerged. Turkey helped Pakistan and gave it drones and other equipment during the Operation Sindoor run against Pakistan against India after the Pahalgam attack.</p>
<p style="text-align: justify;">After this, India has banned the operation of Turkish Aviation Company. After this action of the Government of India, investors of this Turkish company have lost about $ 200 million. Also, this company has been affected by the business spread worldwide. Listed on the Istanbul Stock Exchange, the company&#8217;s stock saw a decline of 20 percent during only two trading session.</p>
<p style="text-align: justify;"><strong>Turkish aviation company investors big losses</strong></p>
<p style="text-align: justify;">Celebbi&#8217;s shares fell 222 points on May 16 to close at 2,002 lira. This was the biggest decline in the recent times in the stock of Selebi, which has been trading in India for almost a decade.</p>
<p style="text-align: justify;">The Government of India canceled the security clearance of the Celebi, which is responsible for the security of the airport on behalf of the Government of India, and called it a threat to national security. This order of the government had a direct impact on Selebi Airport Services India and its group companies. This company had to stop its operations at the airport.</p>
<p style="text-align: justify;"><strong>India important market for Celeby</strong></p>
<p style="text-align: justify;">India has been an important market for Celeby. During the financial year 2023-24, Celebi earned Rs 1522 crore from the operation in India. The highest gains Celebbi had two Indian units- Selebi Delhi Cargo and Celebi NAS. Both of them had earned Rs 188 crore after tax. Celebbi earned $ 585 million worldwide, out of which it earned more than $ 195 million from India. This directly means that about one third of the global business was earned from India. In such a situation, suddenly due to the closure of the operation of this company, its income and future plans have come in the balance.</p>
<p style="text-align: justify;">Also read: American credibility in danger in history for the first time! What is the effect of rating agency cut on India and the world?</p>
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<p><a href="https://www.abplive.com/business/turkish-firm-celebi-share-price-crashed-and-200-million-dollar-market-cap-last-after-revoke-security-clearance-2946590" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/turkish-firm-celebi-share-price-crashed-and-200-million-dollar-market-cap-last-after-revke-security-clearance/">Turkish Firm Celebi Share Price Crashed and 200 Million Dollar Market Cap Last after Revke Security Clearance</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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