The law firm will charge fees in the range of USD 160-700 per hour based on the level of lawyer rendering services, the source added. The firm will charge for all third party expenses at its actual cost.
Khaitan Holdings has invested approximately USD 140 million into Loop Telecom, one of the companies whose licenses were cancelled by the Supreme Court.
Loop telecom and the Indian govt are set to hold talks on international arbitration. Khaitan holdings that has ownership stake in loop telecom, will negotiate with the govt representatives on Feb 14-15. Officials from ministry of external affairs (MEA) and department of telecom (DoT) will represent the govt during the talks.