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HC seeks RBI clarification in Tata-DoCoMo case

Court also asks Tata for alternative solution; next hearing on Dec 21

Sayan Ghosal  |  New Delhi 

On Thursday, arguments on behalf of Tata Sons were heard by the high court here, against the enforcement of a $1.17 billion London Court of International Arbitration (LCIA) award in favour of Japanese telecom giant NTT DoCoMo. The HC decided to issue a notice to the Reserve Bank of India (RBI) to clarify its stance in the ongoing dispute. The next date for the hearing is December 21. The arbitral award is the result of a two-year tussle between the two corporate behemoths on Tata Teleservices, their failed joint venture (JV), in which DoCoMo holds 26 per cent stake. By ...

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HC seeks RBI clarification in Tata-DoCoMo case

Court also asks Tata for alternative solution; next hearing on Dec 21

Court also asks Tata for alternative solution; next hearing on Dec 21 On Thursday, arguments on behalf of Tata Sons were heard by the high court here, against the enforcement of a $1.17 billion London Court of International Arbitration (LCIA) award in favour of Japanese telecom giant NTT DoCoMo. The HC decided to issue a notice to the Reserve Bank of India (RBI) to clarify its stance in the ongoing dispute. The next date for the hearing is December 21. The arbitral award is the result of a two-year tussle between the two corporate behemoths on Tata Teleservices, their failed joint venture (JV), in which DoCoMo holds 26 per cent stake. By ... image
Business Standard
177 22

HC seeks RBI clarification in Tata-DoCoMo case

Court also asks Tata for alternative solution; next hearing on Dec 21

On Thursday, arguments on behalf of Tata Sons were heard by the high court here, against the enforcement of a $1.17 billion London Court of International Arbitration (LCIA) award in favour of Japanese telecom giant NTT DoCoMo. The HC decided to issue a notice to the Reserve Bank of India (RBI) to clarify its stance in the ongoing dispute. The next date for the hearing is December 21. The arbitral award is the result of a two-year tussle between the two corporate behemoths on Tata Teleservices, their failed joint venture (JV), in which DoCoMo holds 26 per cent stake. By ...

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Business Standard
177 22