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India court lifts Nokia Oyj's factory freeze in tax dispute - Reuters

Thursday, 12 Dec 2013 04:28am EST 

Nokia Oyj:An Indian court on Dec 12 accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft - Reuters.Nokia appealed the seizure and has been trying to end the dispute ahead of the closure of the 5.4 billion euro ($7.4 billion) Microsoft dea.The court asked the company to deposit 22.50 billion rupees ($367.17 million) in an escrow account, while the tax demand case will continue separately. 

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