Creditor In Liquidation Loses Bid To Stay Enforcement Of $1.3B Award Against India

Mealey's (August 11, 2021, 2:06 PM EDT) -- SEATTLE — A Washington federal judge on Aug. 9 denied a motion by an Indian telecommunications company currently in liquidation to stay proceedings to enforce an arbitral award in its favor worth more than $1.3 billion while its newly hired counsel familiarizes itself with the case, writing that the motion seems “intended” to cause further delay to efforts by its shareholders and U.S. subsidiaries to enforce the judgment....