Arbitration Links - Linklaters
  • Topic: Third Party Rights
  • Jurisdiction: India

Delhi High Court rejects RBI’s intervention in arbitration proceedings to which it is not a party

21 September 2017 Ben Carroll, India


In April 2017, the Delhi High Court made a decision in the much-publicised dispute between Tata Sons Ltd. (“Tata”) and NTT Docomo Inc. (“Docomo”). The period for an appeal to be made lapsed at the end of July 2017 and the judgment is expected to be a shot in arm for investment in India for it answers some of the objections raised by the Reserve Bank of India (“RBI”), India’s Central Bank, on the enforcement of an arbitral award involving the outflow of money from India to non-resident entities as damages.

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