Vodafone Plc's arbitration win: Should India challenge the decision?

The verdict given by the arbitration panel says Vodafone was entitled to fair and equitable treatment in respect of its investment in mobile telecommunication in India in line with BIT.

While India can challenge at the Singapore High Court the order given by the Permanent Court of Arbitration (PCA) at the Hague in favour of Vodafone, experts have varied views whether New Delhi should exercise that option in the context of its impact on investor sentiment.

Anuradha Dutt, founder and senior partner at DMD Advocates, who represented Vodafone in arbitration, said: “The arbitration of any court is legally binding but can be challenged ... they (the government) can approach the Singapore High Court.”

Anjali Anchayil, senior associate at J Sagar Associates, does not think investors will be spooked by the challenge any