Supreme Court allows Vodafone to initiate second arbitration over $2 billion tax demand
- By Reuters |
- Dec 14, 2017
- Last Updated at 15:51 IST
MUMBAI - The Supreme Court on Thursday allowed Britain's Vodafone to initiate a second arbitration process under an India-UK investment pact over New Delhi's tax demand for more than $2 billion arising out of a deal that was struck a decade ago.
Vodafone, the world's second-largest mobile operator, entered India in 2007 by acquiring Hutchison Whampoa's wireless assets. It is contesting a tax bill of more than $2 billion relating to that acquisition.
Separately, Vodafone has already initiated an arbitration process under India's investment pact with the Netherlands.
RELATED NEWS

Posted at 13:02 PM

Posted at 12:29 PM
Posted at 11:46 AM

Posted at 11:25 AM
898.jpg)
Posted at 10:48 AM

Posted at 10:43 AM

Posted on 15- Feb- 2019
Posted on 15- Feb- 2019

Posted on 15- Feb- 2019

Posted on 15- Feb- 2019