The dispute between Unitech Wireless (Tamil Nadu) Private Limited and its partner Telenor Asia Private Limited continues over the control and transfer of assets through arbitration.
Both are involved in litigation for control of assets following cancellation of their 2G licence by the Supreme Court in February this year.
Earlier, Telenor Asia Private Limited had approached Company Law Board (CLB) to resolve issues with Unitech Wireless (Tamil Nadu) Private Limited through arbitration.
Following this, CLB had allowed Unitech Wireless (Tamil Nadu) Private Limited to have its dispute settled with Telenor Asia Private Limited through arbitration in Singapore. The CLB in its decision said that only an arbitrator could decide if the share subscription agreement’ and the shareholders agreement between the two companies had been violated or not.
Thereafter, Telenor Asia moved the High Court against CLB’s decision. As a result the High Court has asked Unitech Wireless (Tamil Nadu) Private Limited to file a short affidavit on maintainability within three weeks which will come up for hearing on July 18, 2012.
