"We want a simple undertaking that you (Nokia India) have gone through the order and accept the condition (stated therein)," the court said to the company.
The I-T department had, in a fresh application, sought directions to the company for placing the Rs 3,500 crore in an escrow account preferably in India.
"...We have not accepted the request of Revenue for deposit of Rs 3,500 crore in their escrow account.
The court also said Nokia India does not need to pay the amount immediately but as and when the demand is raised by the Income Tax department.
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To a Nokia India's query, it said, "You will have to pay that amount if you fail to get a stay. Demand will be enforced only if there is no stay."
To this the bench remarked, "Understand the consequences of your argument. If we accept what you are saying, if you take a microscopic view, Nokia India would be wound up."
On December 12, the high court had paved the way for the sale of Finnish mobile firm to Microsoft subject to certain conditions by defreezing its assets in India, specially the Chennai manufacturing plant.