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The Finance Ministry has said today that it has just been informed that the award in the arbitration case invoked by Vodafone International Holding BV against Government of India has been passed. The Government will be studying the award and all its aspects carefully in consultation with our counsels. After such consultations, the Government will consider all options and take a decision on further course of action including legal remedies before appropriate fora.
Arbitration award in international investment dispute: Government to study award and consider pursuing legal remedies before appropriate fora. An arbitration award has been rendered in the investor-State dispute initiated by Vodafone International Holding BV. The Government has been notified and will study the award with counsel, and after consultation will consider options and may pursue available legal remedies before appropriate fora.Press 'Enter' after typing page number.