Photo: MintNew Delhi: A two-judge bench of Delhi high court on Thursday admitted the Centre’s appeal against an order of a single-judge bench refusing to halt the second arbitration in the second arbitration invoked by Vodafone Group Plc against it, while another arbitration on the same case is under way. The firm had invoked the first arbitration under the India-Netherlands Bilateral Investment Protection Agreement through a notice of dispute on 17 April, 2012 and notice of arbitration on 17 April, 2014. Subsequently, Vodafone invoked a second arbitration under the India-UK Bilateral Investment Protection Agreement on 24 January, 2017. The single-judge bench had refused to interfere in the second arbitration initiated under the UK BIPA as there were “no compelling reasons” to do so. The court asked the Centre to approach the UK arbitration tribunal if it wanted to make any objections.

Source: Mint May 31, 2018 12:45 UTC