Mumbai: Tata Sons said on Sunday that Japan’s NTT DoCoMo was not cooperating in finding an amicable solution to ending their partnership. A London arbitration court had imposed this penalty in June, after which NTT DoCoMo filed an enforcement proceeding before the Delhi high court. In April 2014, NTT DoCoMo had decided to sell its entire 26.5% stake in Tata Teleservices and exit India. On Friday, Tata Sons filed an affidavit in Delhi high court, objecting to the enforcement of the penalty saying that it contravenes Indian laws. “Tata Sons is committed to honouring our contractual obligations to NTT Docomo, in compliance with Indian regulations and law.

Source: Mint September 04, 2016 10:30 UTC