Arbitration court rejects India's plea in case against Nissan
Updated : May 29, 2019 04:41 PM IST
If India had won the plea, the entire case would have been thrown out, said one of the people who has direct knowledge of the matter, adding that the Indian government is now likely to file an appeal with Singapore's Supreme Court.
Nissan sent a legal notice to Indian Prime Minister Narendra Modi's administration in 2016 claiming more than Rs 5,000 crore ($720 million) in a dispute over incentives it said were due from Tamil Nadu as part of a 2008 agreement to set up a car manufacturing plant in the state.
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