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Axiata, Ncell win arbitration lawsuit against Nepal government in Axiata buy-out dispute

Friday 20 December 2019 | 09:44 CET | News
Axiata Group has confirmed that, in the arbitration proceedings started by Axiata UK and Ncell against the Federal Democratic Republic of Nepal, the Tribunal issued a Provisional Measures Order in favour of Axiata and Ncell. The tribunal has ordered that Nepal, its organs, agencies and officials, including the Large Taxpayers Office (LTPO) and the Inland Revenue Department (IRD) immediately be restrained from taking any steps to enforce or otherwise give effect to the demand letter served by the LTPO against Ncell dated 6 December 2019, in which the LTPO demanded that Ncell pay NPR 22.44

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Categories: Mobile & Wireless
Companies: Axiata / Ncell
Countries: Nepal
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