NEW DELHI (Reuters) - Supreme Court on Friday dismissed Nokia's appeal challenging a lower court order over transferring ownership of its local mobile phone plant, which is the subject of a tax dispute, to Microsoft Corp
The Supreme Court upheld a verdict by the Delhi High Court and ordered Nokia to give a guarantee for 35 billion rupees.
Nokia, which is selling its mobile phones business to Microsoft in a 5.4-billion-euro deal, last month appealed to the Supreme Court saying the Delhi High Court had imposed "new conditions" over the transfer of the plant, after previously lifting a freeze on the assets.
(Reporting by Suchitra Mohanty; Writing by Devidutta Tripathy; editing by Malini Menon)
