Tata Communications Limited is appealing the Indian tax authorities’ disallowance of the Company’s write-off in its books of accounts of its investment in the Shares of ICO Global Communications Inc. before the Income Tax Appellate Tribunal.
ICO Global filed for bankruptcy…
A settlement agreement was signed between Scailex Corporation Ltd.’s majority owned subsidiary, Scailex Vision (Tel-Aviv) Ltd., and Hewlett-Packard on May 5, 2008, which concludes the reciprocal claims between the parties with respect to the sum in escrow.
In connection with…
Tata Motors Limited may be liable for other taxes and dues aggregating INR1.208 billion as of March 31, 2008, including the following cases involving more than INR50 million:
— The municipal authorities in certain states levy octroi duty (a local indirect…
Tata Motors Limited is contesting total sales tax demands (including interest and penalty) amounting to INR3.138 billion as of March 31, 2008.
The details of the demands involving more than INR50 million are as follows:
— The sales tax authorities in certain…
A judgment was entered on Aug. 12, 2008, awarding Global Tech Appliances Inc.’s subsidiary, Global Display Limited, a total of US$170,577 together with interest at the judgment rate from date of writ until paid.
On Sept. 9, 2005, Global Display…
China Infrastructure Investment Corp., as the fifth defendant, continues to face the case filed by the subcontractors Hujianting and Hefeiyue relating to the Pinglin Expressway No. 2 road connection project.
On June 27, 2007, China railway No. 5 bureau, the contractor…
Tata Motors Limited is contesting the Indian Income Tax authorities over an aggregated INR3.714 billion (INR1.540 billion, net of consequential relief) in income tax demands, as of March 31, 2008.
The tax demands are being contested by the Company on appeal…
Global-Tech Appliances Inc.’s subsidiary, Lite Array, Inc., remains in dispute with Eastman Kodak Company regarding an organic light emitting diode (OLED) licensing agreement.
By an agreement dated as of July 13, 2000, and a restatement and amendment to that agreement dated…
The parties in the suit tagged Best Hero Limited v. Pentalpha Hong Kong Ltd. are in the course of preparing their witness statements, according to Global Tech Appliances Inc.’s latest annual report on Form 20-F for the fiscal year ended…
Tata Motors Limited, as of March 31, 2008, faced pending litigations on various counts relating to Excise Duty and Service Tax involving demand of INR1.062 billion.
These demands challenged the basis of valuation of the Company’s products and denial of the…