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RBI opposes Tatas' move to pay Docomo

RBI opposes Tatas' move to pay Docomo

Thursday, March 9, 2017, 1:17 PM

Delhi High Court, RBI opposed payment to Docomo that would have followed enforcement of the award, arguing it amounted to transfer of shares and was hence illegal, dealing a setback to the efforts of the two companies to resolve the dispute which has clouded Indo-Japanese ties. Both parties had agreed to settle and the Tata Group was willing to make the payment.
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