Delhi HC reserves judgment on $1.18 bn Tata-DoCoMo arbitration award

Central Bank sticks to its guns against the award's enforcement in India

The Delhi High Court on Wednesday reserved its judgment on Japanese telecom major NTT DoCoMo’s plea to enforce the $1.18 billion arbitration award in line with its settlement agreement with Tata Sons.

Justice Muralidhar’s decision came after lengthy arguments by the Reserve Bank of India (RBI), which has opposed the enforcement of the award on grounds of alleged violations of Indian law and disregard for regulatory considerations.

In Wednesday’s hearing, the central bank again highlighted the issue of violations of public policy in the realisation of the award, even if Tata decided not to oppose it. The agreement through which DoCoMo received