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Tata Sons moves Delhi HC against $1.17-bn award

The affidavit further highlights the enforcement of the LCIA award would be in contravention of Indian law and public policy

A woman walks past a brach of Japanese mobile communications company NTT Docomo in Tokyo, Japan. Photo: Reuters
A woman walks past a brach of Japanese mobile communications company NTT Docomo in Tokyo, Japan. Photo: Reuters

InthelatesttwisttotheTata–DoCoMojointventure(JV)tale,TataSonsonFridayfiledanaffidavitintheDelhiHighCourt,objectingtotheenforcementoftheJune24,$1.17billionLondonCourtofInternationalArbitration(LCIA)awardinfavourofNTTDoCoMo. Tata’slatestmovecomesasaseverecontradictiontoitsearlierstance,wherethecompanyhadmentioneditscommitmenttothearbitraladjudicationbeforetheDelhiHighCourtandhadevendepositedtheentiresumoftheaward(Rs8,450crore)withtheregistrarofthecourt,subjecttofinaldetermination ...