Nissan-TN row: Global tribunal asks govt to seek deferral of HC proceedings

Nissan has invoked CEPA clause against India, seeking to recover around Rs 5,000 cr of incentives promised by Tamil Nadu govt

An International Arbitration Tribunal on Wednesday directed the Government of India (GOI) to seek deferment of any ruling from the ongoing Madras High Court proceedings in a petition by the Tamil Nadu government on a tax incentive dispute between the state and Nissan Motor.

When the matter came for hearing at the HC on Thursday, the GOI sought more time to give its statement on the issue. The court adjourned the matter.

Nissan approached the global tribunal soon after the state government went to the HC earlier this week. The government sought an order restricting Nissan from invoking the Comprehensive Economic Partnership