Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc
4 years ago

Delhi High Court Says It Will Pass Its Order On Centre's Appeal Against Vodafone Grp Plc

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A Division Bench of Justice Rajiv Sahai Endlaw and Justice Asha Menon today said it would pass its order on an appeal by the Centre to restrain Vodafone Group Plc from initiating second arbitration proceedings under the India-UK Bilateral Protection Agreement, after the Centre asked the court to defer the appeal sine die, refusing to make a statement on whether it would challenge the International arbitral award against it. The court had in an earlier proceeding asked the Centre to state whether it would challenge the international arbitral tribunal's award, in the Vodafone Group tax case worth Rs. The present appeal was filed by the Centre in 2018 after Vodafone initiated its second arbitration proceeding under the India-UK Bilateral Investment Protection Agreement, over tax imposed on it by the Indian government for its $11 billion acquisition of the Indian assets of Hutchison Essar Ltd in 2007. The Centre had moved the High Court against this second arbitration, however, a Single Judge bench had rejected it's plea, in response to which it appealed before the Division Bench.

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