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HC approves $1.18bn Tata-DoCoMo settlement, rejects RBI plea
short by Mansha Mahajan / on Friday, 28 April, 2017
The Delhi High Court has rejected RBI's intervention plea while accepting the terms of consent of settlement between NTT DoCoMo and Tata Sons over payment of $1.18 billion in damages to the former. RBI had contested the payment to DoCoMo, saying it amounted to transfer of shares and was illegal. The case relates to a two-year-old dispute between the firms.
read more at Outlook