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Hope RBI won't delay final resolution with Tatas: DoCoMo

Japanese telecom firm NTT DoCoMo hopes that the RBI will not create any more obstacle in enforcement of the USD 1.17-billion award by the Tata Group as approved by the Delhi High Court to settle a 3-year old dispute between the estranged partners.

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Japanese telecom firm NTT DoCoMo hopes that the RBI will not create any more obstacle in enforcement of the USD 1.17-billion award by the Tata Group as approved by the Delhi High Court to settle a 3-year old dispute between the estranged partners.

The Delhi High Court today rejected the Reserve Bank of India's objections in the Tata-DoCoMo case, clearing the decks for the Tatas to pay USD 1.17 billion to the Japanese telecom major.

"We hope and expect that the RBI will not seek to delay final resolution by, for example, lodging an appeal against this very clear decision," DoCoMo sources told

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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