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HC allows Vodafone to take part in second arbitration in tax case

This was the company's second arbitration against India on the same issue

Press Trust of India  |  New Delhi 

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The on Thursday allowed Group representatives to participate in the process of appointing a presiding arbitrator in its international arbitration process against India in connection with a demand of Rs 11,000 crore.

Justice Manmohan had on August 22 restrained from participating in the arbitration initiated under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA) in connection with the demand raised against the company in relation to its $11-billion deal acquiring the stake of Hutchinson Telecom.

This was the company’s second arbitration against India on the same issue.

The court gave the Centre time till November 17 to indicate whether it was amenable to rescheduling of these proceedings after a final decision is given in the first arbitration.

The court said it was not in favour of stalling the process as both sides had already appointed an arbitrator each in the second arbitration.

First Published: Thu, October 26 2017. 19:22 IST