AgustaWestland takes arbitration route to keep chopper deal on
New Delhi: Facing the prospect of its Rs 3,600 crore VVIP chopper deal being scrapped, Agusta Westland today said it had taken the arbitration route to settle the fate of the contract.The Anglo-Italian firm said
Arbitration proceedings are confidential, the firm noted, and questioned the unilateral suspension of the contract saying, “Neither the contract nor the associated Integrity Pact confers such rights on the Indian Defence Ministry”.
Soon after the arrest of the firm's former CEO, Guiseppe Orsi, in Italy in connection with the case, Defence Minister AK Antony had suspended the payments to be made to it along with the delivery it was due to make to IAF of the remaining nine choppers.
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