New Delhi: Faced with the imminent cancellation of its Rs 3,546-crore contract inked in February 2010 to supply 12 VVIP helicopters to IAF, AgustaWestland has sent a notice to the defence ministry asking it to get involved in the arbitration process.
Having invoked arbitration in the case on October 4, with the nomination of former Supreme Court judge B N Srikrishna as the arbitrator from its side, AgustaWestland has warned it will take up the matter at an international forum if the MoD does not nominate its own arbitrator within 30 days.
"AgustaWestland would have the right to approach the President of the International Chamber of Commerce, Paris, for nomination of the arbitrator," said the notice.
11/12/13 Times of India
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Having invoked arbitration in the case on October 4, with the nomination of former Supreme Court judge B N Srikrishna as the arbitrator from its side, AgustaWestland has warned it will take up the matter at an international forum if the MoD does not nominate its own arbitrator within 30 days.
"AgustaWestland would have the right to approach the President of the International Chamber of Commerce, Paris, for nomination of the arbitrator," said the notice.
11/12/13 Times of India
