RBI may not take a hard line in Tata-DoCoMo case today

After Tata Sons agreed to pay $1.17 bn to DoCoMo to settle the case, HC will hear RBI's stand

The Reserve Bank of India (RBI) is unlikely to take a tough stance in the Tata-NTT DoCoMo case in the Delhi High Court on Wednesday, a development that may help the two companies reach a settlement, according to sources. While one of the sources indicated that the central bank under Urjit Patel could possibly take a similar stand as it did in 2014 when Raghuram Rajan was the governor, another said RBI could tell the court it was up to the Union government to take a call.      

Even after RBI came out with a new set of