In view of the fact that the arbitration proceedings between the companies are pending at Singapore International Arbitration Centre, the HC asked Unitech to file a short affidavit on the 'maintainability' of Telenor's plea
New Delhi: The Delhi High Court has asked Unitech Wireless to file its written reply to its joint venture partner Telenor's plea against the Company Law Board (CLB) order, asking both companies to settle their disputes over control and transfer of assets through arbitration, reports PTI.
Justice Rajiv Shakdher asked Unitech Wireless to file within two weeks a short affidavit on the 'maintainability' of the Norwegian telecon giant Telenor's plea, in view of the fact that the arbitration proceedings between the companies are pending at Singapore International Arbitration Centre (SIAC).
The court also asked Telenor to file its rejoinder on the affidavit within two weeks and posted the matter for further hearing on 4th October.
The court was hearing a plea file by Telenor challenging the CLB's 12th April order to it to settle its dispute with its joint venture partner in India, Unitech, at the SIAC.
In its plea, Telenor had sought the court to quash the CLB order and direct it to adjudicate the matter in a time bound manner prior to the date of auction.
In the joint venture company Uninor, the Norwegian company Telenor owns 67.25% stake while the remaining 37.75% stake is held by Unitech.
The dispute between the two companies escalated after the Supreme Court in February this year scrapped 122 licences for 2G allotted during the tenure of A Raja as the telecom minister.
The scrapped licences included 22 pan India licences allotted to Uninor.
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