Info-tech

$1.17 b deposited with Delhi High Court: Tatas

Our Bureau Mumbai | Updated on January 18, 2018 Published on July 29, 2016




Even as NTT DoCoMo upped the ante, Tata Sons on Friday said that it has transferred $1.17 billion into fixed deposits favouring the Court Registrar, New Delhi.

The Delhi High Court has given time till August 30 for both parties to try and resolve the outstanding issues between them.

“Tata Sons wishes to clarify that it has, in the past, as well as after the arbitral tribunal announced its award, invited DoCoMo to join it in representing this matter before the Reserve Bank of India and the Ministry of Finance. In the meantime, we would caution against any stakeholders being misled by statements that are made in ignorance of India’s foreign exchange regulations,” Tata Sons said in a statement.

Published on July 29, 2016
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