An Italian court has barred India from encashing bank guarantees worth over Rs. 2,360 crore of AgustaWestland as part of the penalties imposed on it after scrapping of the Rs. 3,600 crore VVIP chopper deal.
India has decided to file an appeal against the decision of the Italian court, a Defence Ministry spokesperson said.
India has already encashed bank guarantees of around Rs. 240 crore deposited in banks in India but it is yet to recover the bank guarantees deposited in banks of Italy.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
