Tata hits out at Docomo
Tata said that there is a judicial process that is underway and “we need to pay due heed to the laws that bind us all.
New Delhi: Tata Sons said on Sunday it is disappointed with the lack of co-operation from Japanese company Docomo in arriving at an amicable resolution to the $1.17 billion dispute.
Tata Sons said its intent is to pay but within the confines of the law. “We have been disappointed with the lack of co-operation from our partner in arriving at an amicable resolution.
“Despite several attempts on our part, our partner has refused to come together with us to engage the government and the regulator on the issue,” said Tata Sons.
The company said that “position Tata Sons has taken in its affidavit filed in the Delhi High Court is in line with what we have stated from the outset — that Tata Sons is committed to honouring our contractual obligations to NTT Docomo, in compliance with Indian regulations and law.”
Tata said that there is a judicial process that is underway and “we need to pay due heed to the laws that bind us all.