arbitration | Udaipur Kiran

Reliance Power’s arm wins arbitration award against NACC

20 Oct 2018 3:07 PM by Bhupendra Singh Chundawat

Reliance Power’s Wholly Owned Subsidiary — Sasan Power has won an arbitration award against North American Coal Corporation (NACC). This is a major milestone in this arbitration with the award received on October 18, 2018 from International Court of Arbitration, International Chamber of Commerce. NACC’s claim of around $32 million consisting of liquidated damages, interest … Read more

Sadbhav Infrastructure Project’s arm wins arbitration award against NHAI

9 Oct 2018 9:07 AM by Bhupendra Singh Chundawat

Sadbhav Infrastructure Project’s subsidiary — Nagpur Seoni Express Way (NSEL) has won an arbitration award against NHAI of Rs 61.25 crore (including interest upto the date of award of Rs 18.64 crore). From the date of award till final payment, NSEL shall receive interest at the rate of 12% p.a. Additionally, NSEL will also get … Read more