“Vodafone shareholders should be concerned about this,” he says.
“[Vodafone] may even have to sue HWL and/or the directors and officers of HTIL for distribution of the assets of HTIL when they knew that there was a potential claim for tax, as shown by the Risk Factors statements in their own filings.
“The Indian tax case, and any litigation from Vodafone that follows it, is likely to drag on for years.”