The Delhi High Court allowed Vodafone Group representatives to participate in the process of appointing a presiding arbitrator in its international arbitration process against India in connection with a tax demand of Rs 11,000 crore. Also Read - Best Vodafone-idea (Vi) prepaid plans under Rs 100: List of plans, unlimited data, voice calls, more
Justice Manmohan had on August 22 restrained Vodafone from participating in the arbitration initiated under the India-United Kingdom Bilateral Investment Protection Agreement (BIPA) in connection with the tax demand raised against the company in relation to its $11-billion deal acquiring the stake of Hutchinson Telecom. Also Read - Airtel 5G Mumbai trials show download speeds of 1.2Gbps, upload at 850Mbps
This was the company’s second arbitration against India on the same issue. Earlier the company had initiated a similar arbitration under the India-Netherlands BIPA on the same issue and the proceeding on it is going on. The court gave the Centre time till November 17 to indicate whether it was amenable to re-scheduling of these proceedings after a final decision is given in the first arbitration. The court said it was not in favour of stalling the process as both sides had already appointed an arbitrator each in the second arbitration. Also Read - Vi prepaid recharge plans July 2021: List of all Vi recharge plans under Rs 500 with benefits, validity
Senior advocate Harish Salve, appearing for the telecom major, told the court that the company was not looking for a declaration or award from the two arbitrations and “any one would do.” He also claimed that the Centre had not disclosed to the court an undertaking it had given to the International Court of Justice (ICJ) to appoint an arbitrator.