Tata Power fails to overturn $490 million arbitration ruling in Singapore
The Singapore International Commercial Court has rejected Tata Power's challenge against a $490 million arbitration award. The case stemmed from claims that the company breached an agreement with an investor regarding a bid for a coal asset in Russia. The court concluded that the arbitral tribunal did not violate any principles of natural justice or fair hearing. Tata Power’s stock price dropped to a seven-month low following the court's decision.
by shortkt.com✓