The Delhi high court will next hear the Tata NTT DoCoMo case on 8 March. Photo: ReutersNew Delhi: Tata Sons and NTT DoCoMo told the Delhi high court on Tuesday that they have reached a settlement agreement concerning enforcement of an arbitration award on the Tata Docomo issue. “Tata Sons withdraws objections to enforcement of the arbitration award in favour of NTT DoCoMo,” Darius Khambatta, senior advocate representing Tata told the court. Both Tata Sons and NTT Docomo have objected to the Reserve Bank of India’s (RBI) statement before the court terming the exit agreement as illegal. It also approached London’s Commercial Court seeking enforcement action assets such as Jaguar LandRover and Tata Steel, which it argued, are controlled by Tata Sons.

Source: Mint February 28, 2017 03:33 UTC