Presiding judge for a three-member arbitration panel set up to decide on the Rs 22,100-crore tax demand from Indian tax authorities on UK's Vodafone Group has been identified and an announcement is likely shortly. "The presiding arbitrator was pending and the judge has now been identified. But Oreamuno and Fortier have not been able to decide on a presiding arbitrator, prompting Vodafone to move ICJ. Vodafone in May had stated that it received a reminder of an outstanding tax demand of Rs 22,100 crore on February 4 this year. The tax demand included interest and penalty.

Source: dna September 12, 2016 12:08 UTC