Plea ag’st CIC refusal to give info on Tata-Docomo

Plea ag'st CIC refusal to give info on Tata-Docomo
Plea ag’st CIC refusal to give info on Tata-Docomo

A plea has been moved in the Delhi High Court against the Central Information Commission’s (CIC) refusal to provide information regarding Tata Sons application to RBI in connection with purchase of Japanese telecom major NTT Docomo’s stake in Tata Teleservices Ltd (TTSL).

The application in CIC under the Right to Information (RTI) Act had also sought information about communications between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) regarding the application by Tata.

The high court is likely to hear the matter next week.

The commission had denied the plea for providing the information sought, saying it may “prejudicially affect” the economic interest of the country and relations with a foreign nation.

The CIC’s June 14, 2016 order had come after the Centre had said that the matter involved was a policy issue which was under consideration and thus, was exempted under the RTI Act from providing information sought by the applicant, Ashish Rana.

The transparency panel had agreed with the government’s contention and had also said that “disclosure of information sought may harm the competitive position of third parties, including Indian companies, foreign investors…”

Recently, during hearing of Docomo’s plea for enforcement of an arbitral award of USD 1.17 billion in its favour to be paid by Tata, the Indian company had told the high court that it had written to RBI seeking permission for purchase of the Japanese company’s stake in TTSL, a joint venture of the two, at a mutually agreed upon price.

( Source – PTI )

Leave a Comment

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *

© 2021 - Legal News India – News Updates of Advocates, Law Firms, Law Institutes, Courts & Bars of India
Cookies help us deliver our services. By using our services, you agree to our use of cookies. More Information