Nokia has appealed to India s Supreme Court for relief after a lower court imposed new conditions on its plans to sell its Indian handset factory to Microsoft
The Delhi High Court had previously said that Nokia could include the Chennai factory to Microsoft as part of the handset division sale, but late last week added new conditions to the sale.
The conditions have been applied as the factory assets had been frozen as part of a tax dispute that Nokia is engaged in with the government. Nokia made a deposit of Rs 2,250 crore against the tax demand to secure the release of the factory.
The transfer of the factory to Microsoft can now be blocked again if the tax authorities raise their tax demand against Nokia.
A Nokia global spokesperson said changes imposed by the court would be detrimental to India's reputation as a stable investment destination.
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