An International Arbitration Tribunal on Wednesday directed the Government of India (GOI) to seek deferment of any ruling from the ongoing Madras High Court proceedings in a petition by the Tamil Nadu government on a tax incentive dispute between the state and Nissan Motor.When the matter came for hearing at the HC on Thursday, the GOI sought more time to give its statement on the issue. The court adjourned the matter.Nissan approached the global tribunal soon after the state government went to the HC earlier this week. The government sought an order restricting Nissan from invoking the Comprehensive Economic Partnership Agreement (CEPA) between India and Japan as a remedy to its dispute with the state.The company sought an emergency interim order from the tribunal, directing India and its entities, including the TN government, to seek a temporary stay of the HC proceedings, till a further order of the tribunal. It also sought an order that the GOI or its entities take no action of ...
