Tata And Docomo Seek Stay Pending Approval Of Settlement By Indian Court

Mealey's (March 15, 2017, 11:11 AM EDT) -- NEW YORK— In a joint statement filed with the U.S. District Court for the Southern District of New York, an Indian telecommunications provider on March 13 said that it will pay a Japanese telecommunications company a $1.7 billion arbitral award pursuant to a settlement and requested that the case be stayed pending approval of the agreement between the parties by an Indian court (NTT Docomo Inc. v. Tata Sons Limited, No. 1:16-cv-7809, S.D. N.Y.)....

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