Delhi High Court restrains Vodafone from initiating arbitration under India-UK treaty

Delhi High Court restrains Vodafone from initiating arbitration under India-UK treaty

The Delhi High Court on Tuesday restrained Vodafone Group from going ahead with arbitration proceedings against India under a treaty with the United Kingdom. The arbitration proceedings are in connection with a Rs. 11,000 crore tax demand raised against the company in relation to its $11 billion deal to buy the stake of Hutchinson Telecom back in 2007.

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