Mahanagar Telephone Nigam Ltd. defends against Alcatel’s claims stemming from a contract for supply of digital local telephone exchange equipment.
In the year 2004 to 2005, Alcatel brought claims aggregating to INR137.19 million against the Company.
The claims include claims…
Mahanagar Telephone Nigam Ltd. faces about INR548.70 million in claims made by CMC Ltd. in connection with the rental charged by the Company for its close user group (CUG) services.
These claims arise out of usage of leased circuits for…
Mahanagar Telephone Nigam Ltd. faces claims aggregating INR366.39 million from Premium (PRM) service providers WorldPhone Pvt. Ltd., Voice Infotech, and ITC Ltd.
These claims arise from the contract for PRM services, which were started in the year 1999-2000.
The Company…
Mahanagar Telephone Nigam Ltd., during the year ended March 31, 2008, raised claims against Bharat Sanchar Nigam Limited (BSNL), for duct charges amounting to INR515 million and tax usage charges totaling INR546 million.
In accordance with the Inter Connect Usages…
Mahanagar Telephone Nigam Ltd. is contesting assessments concerning its claim for a tax holiday at various levels of income tax appellate authorities, including the Income Tax Appellate Tribunal (ITAT).
The Income Tax authorities have historically disallowed the Company’s claim for…
Diageo plc continues to cooperate with the U.S. Securities and Exchange Commission in its informal investigation into the convictions of improper payments of a current and a former employee of Diageo Korea.
Diageo Korea is a subsidiary of the Company.
Diageo…
FedEx Corp. is cooperating with separate investigations being conducted by the Japan Fair Trade Commission, the Antitrust Division of the U.S. Department of Justice, the Australian Competition and Consumer Commission and the Korea Fair Trade Commission.
In July 2008, the…
Mizuho Financial Group, Inc.’s Indonesian subsidiary, acting as collateral agent for the trustee of bond issuances made by subsidiaries of Asia Pulp & Paper Company Ltd., is facing disputes between the bondholders and the APP subsidiaries.
In that role, the…
A UTi Worldwide Inc. subsidiary continues cooperating with the New Zealand Commerce Commission’s investigation in relation to international freight forwarding services in New Zealand.
On Oct. 25, 2007, a subsidiary of the Company received a notice from the New Zealand…
The final hearing is scheduled to begin in June 2009, on the arbitration initiated by AES Corp.’s subsidiary, AES Energia Cartagena SRL (AESEC), against Initec Energia SA, Mitsubishi Corporation, and MC Power Project Management, SL (Contractor).
In July 2007, AESEC received…