Judge Won’t Substitute U.S. Subsidiary For Award Creditor In Liquidation In India

Mealey's (March 26, 2021, 1:59 PM EDT) -- SEATTLE — A Washington federal judge at a March 23 hearing denied the U.S. subsidiary of an Indian telecoms company’s motion to substitute itself as plaintiff in post-judgment proceedings for a confirmed arbitral award worth nearly $1.3 billion in favor of the company, which is currently in liquidation proceedings in India, but deferred ruling on a motion by the subsidiary and the telecoms company’s Mauritian shareholders who were all previously allowed to intervene....