SC dismisses Nokia appeal over asset transfer to Microsoft

Tags: microsoft, Nokia, News
The Supreme Court on Friday dismissed Nokia's appeal challenging a lower court order over

RELATED ARTICLES

transferring ownership of its local mobile phone plant, which is the subject of a tax dispute, to Microsoft Corp.

The Supreme Court upheld a verdict by the Delhi High Court and ordered Nokia to give a guarantee for 35 billion rupees.

Nokia, which is selling its mobile phones business to Microsoft in a 5.4-billion-euro deal, last month appealed to the Supreme Court saying the Delhi High Court had imposed "new conditions" over the transfer of the plant, after previously lifting a freeze on the assets.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Zehra Naqvi

The five universal languages of love

Love is a universal language. Don’t we all believe that? ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture