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Vodafone arbitration appeal deadline ends today, but govt still uncertain

FM's meeting with officials on arbitration appeal last week inconclusive

vodafone, idea, VI

All arbitration orders have a time limit of 90 days for challenging them before a court in Singapore — which was a seat for arbitration.

Shrimi Choudhary New Delhi
The government is still uncertain about the appeal against an arbitration award relating to retrospective tax demand against British telecom major Vodafone Plc even though the deadline for it ends on Wednesday.  

On September 24 this year, the Permanent Court of Arbitration at the Hague ruled that the Indian government seeking Rs 22,100 crore in taxes from telecom giant Vodafone — using retrospective legislation — was in “breach of the guarantee of fair and equitable treatment” under the bilateral investment protection pact between India and the Netherlands. 

Sources said Finance Minister Nirmala Sitharaman had, last week, discussed the matter extensively

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First Published: Dec 23 2020 | 6:05 AM IST

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