The recent verdict by the Supreme Court bench headed by Justice Arun Mishra, one of his last judgements before retirement, on the so-called AGR or adjusted gross revenues case could lead to the formation of a duopoly in India’s telecom sector.
A recent ruling by the Delhi High Court has forced the Indian government to face not one but two arbitration proceedings against Vodafone in the biggest-ever tax dispute of its kind that has been going on for over a decade. The outcome of the dispute will have international ramifications and very significant implications on the implementation of bilateral investment treaties and the investor-state dispute settlement regime in the country.
