Economic TimesLean R·
Tata Power loses $490m arbitration award case
Singapore: Tata Power Co., one of India's largest non-state power producers, has lost its challenge to a $490 million arbitration award over a dispute with investor Kleros Capital Partners concerning a proposed bid for a coal asset in Russia.The Singapore International Commercial Court rejected Tata Power's challenge to the quantum of damages awarded to Kleros, as well as its argument that the majority arbitral order breached natural justice, according to an order delivered Wednesday.A Tata Pow…
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