No determination but on Vodafone arbitration award, finance ministry clarifies

NEW DELHI: The ministry of finance on Thursday clarified that Vodafone arbitration award together with all choices are beneath examination and additional plan of action shall be determined, information company ANI reported.
In clarification got here after a speculative report which claimed that the lawyer normal has given opinion in favour of not interesting in Vodafone arbitration award.
The ministry additional talked about that the report is completely incorrect and with none factual foundation.

Final month, a world arbitration court docket dominated that the Indian authorities in search of Rs 22,100 crore in taxes from telecom large Vodafone utilizing retrospective laws was in “breach of the assure of truthful and equitable therapy” assured beneath the bilateral funding safety pact between India and the Netherlands.

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