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2 clusters · 8 sources · 1 days · First seen · Last updated

Tata Power legal dispute in Singapore

Overview

Tata Power has announced its intention to appeal to the Singapore Court of Appeal following the dismissal of its challenge against a $490.32 million arbitration award. The award was granted to Kleros Capital regarding a dispute over a 2013 attempt to jointly bid for a coal deposit in Russia.

Kleros Capital alleged that Tata Power utilized confidential information to secure a project license through its Russian arm, Far East Natural Resources, in 2018. While an arbitration tribunal in July 2025 valued the lost project opportunity at approximately $1.02 billion, the Singapore International Commercial Court rejected Tata Power’s arguments concerning the appointment of arbitrators.

Entities

Jamshedpur · Far East Natural Resources · Jharkhand · CGST and Central Excise · Supreme Court of India

Timeline

  1. 16 days ago

    [BUSINESS] 5 sources
    Tata Power to appeal $490 million arbitration award in Singapore

    Tata Power will appeal a Singapore court decision upholding a $490 million arbitration award to Kleros Capital regarding a disputed Russian coal project.

  2. 17 days ago

    [BUSINESS] 3 sources
    Tata Steel secures Supreme Court relief in Rs 890 crore GST case

    The Supreme Court of India has quashed a Rs 890.52 crore GST tax demand and an equal penalty against Tata Steel regarding an input tax credit dispute.

Sources

barandbench.com · businesstoday.in · caclubindia.com · cumbernauld-media.com · equitypandit.com · latestly.com · newsable.asianetnews.com · saurenergy.com