Reserve Bank of India fails to block US$1.17 billion Tata payout
The Reserve Bank of India does not have standing to block enforcement of an arbitration award, the court ruled (Credit: istock.com/X_world)
UPDATED. In a ruling that has been praised as both pro-arbitration and quick, the Delhi High Court has enforced Skadden client NTT Docomo’s US$1.17 billion award against Tata Sons – despite the objections of India’s central bank.
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