Nokia to appear in India's top court on Monday to demand the return of its factory
After being seized by Indian authorities, the plant was expected to be returned to Nokia after the Finnish based handset manufacturer paid 22.50 billion rupees ($367.17 million USD) into an escrow account as requested by the Delhi High Court. But the court had added new conditions for the return of the factory, leading to Nokia's decision to escalate the legal fight.
Now the dispute moves to India's top court after Nokia appealed the High Court's ruling to the Indian Supreme Court. Since the factory is supposed to be turned over to Microsoft, the failure of the Delhi High Court to release the facility in return for the escrow payment as originally agreed to, could delay the closing of the deal although Nokia said last month that the dispute will not push back the date that the deal is finalized.
The court's website shows that Nokia is expected to plead its case on Monday. As per the usual workings of the court, we do not expect to hear a verdict on the same day that the case is heard. The original tax bill was for the amount of 20.8 billion rupees ($335 million USD), an amount that has ballooned up to $3.4 billion after penalties and interest.
1. Miracles (Posts: 482; Member since: 31 Aug 2013)
Pay up Nokia. Love your phones, but gotta pay em taxes.
4. tech2 (Posts: 2028; Member since: 26 Oct 2012)
ikr. They are not only paying taxes but are also threatening that 30,000 employees will be out of job.
7. Skoms (Posts: 118; Member since: 03 Feb 2014)
Will nokia microsoft avoid paying taxes??
It's disgusting, nokia microsoft avoid paying licenses to microsoft.
Indian manufacturers have to pay to microsoft. It is anti-competitive.
By then, no need to pay license to microsoft.
You are not fair, microsoft.
What are your right microsoft?
8. papss (unregistered)
How did I know you would be here mucking the comments up with your terrible English?
this has NOTHING to do with M$ you window locker.. You must have a hard on for M$ with the way you drop their name in everything.
2. alterecho (Posts: 1080; Member since: 23 Feb 2012)
The court should add another condition - 'Do not get bought by Microsoft'.
9. papss (unregistered)
Strange seeing you post moronic comments here too..
another fanboy that has a hard on for m$..
maybe you and your brother above you can hang out and talk sometime
10. alterecho (Posts: 1080; Member since: 23 Feb 2012)
"a hard on for m$.."
A hard clenched fist.
11. lyndon420 (Posts: 1733; Member since: 11 Jul 2012)
If Nokia wants to remain viable, staying on their own without ms's influence would be the way to go. They are on the right track with their Android phones - they just need to drop the lame WP skin and adopt the Android ecosystem properly. How many people want Nokia hardware with proper Android out of the box???
3. toink (unregistered)
With that amount, they might as well setup a new factory elsewhere, like Vietnam or something.
13. grapeseed87 (Posts: 123; Member since: 13 Mar 2013)
They have already lost money in building that factory which if they lose to the govt. will go in an auction bid to an Indian manufacturer to build competitive devices anyways. They should have just paid the tax upfront which I believe they were trying to find a loophole out of. Also if they build devices elsewhere and try to ship them into India as an emerging market they will be charged a high import tax. Either way they do get the penalty and could have avoided this all from the start.
5. toink (unregistered)
With that amount, they'll probably save more money if they setup a new factory elsewhere, like Vietnam or something.
6. toink (unregistered)
Double post, sorry guys.