Tata-DoCoMo case: What can RBI do

Dismissing RBI's objections, the Delhi HC upheld the settlement agreement between the two firms

All eyes are on the next move by the Reserve Bank of India (RBI) after the Delhi High Court (HC) on Friday rejected its intervention application in the $1.18-billion Tata Sons-NTT DoCoMo arbitration enforcement proceedings. The HC judgment, which decided to uphold the settlement agreement between the two firms after dismissing the RBI’s vehement objections to the enforcement of the award has divided arbitration experts on what legal remedies remain for the banking regulator.
 
Opinions are divided on the approach the RBI might undertake if it chooses to appeal against the verdict, which may have severe ramifications on the