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2024

Sepco moves SC against quashing of arbitral award in GMR co case

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While the arbitral tribunal had asked GMR Kamalanga Energy in 2020 to pay ₹1,100 crore to Sepco Electric, the Orissa High Court in September last year set aside the arbitration award on the grounds that the tribunal had created a new contract for the parties "by not only re-writing large portions of the same but also disregarding certain explicit embargoes therein, which goes against the basic notions of justice".



Moscow.media
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