Site icon Little India: Overseas Indian, NRI, Asian Indian, Indian American

Delhi High Court Dismisses Govt Plea Against Vodafone Move

The Delhi High Court on Monday dismissed the Centre’s plea challenging Vodafone’s move to initiate international arbitration against India over a retrospective tax liability imposed on the telecom firm for its $11-billion deal to acquire the stake of Hutchison Telecom. The court dismissed the government’s plea to halt Vodafone’s arbitration proceedings under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA).

Exit mobile version