Supreme Court upholds ₹278-crore award in Reliance Infra's favour

Anil Ambani's Reliance Infrastructure has won a ₹278 crore (~$38.8 million) arbitral award against the Goa government in a dispute related to non-payment of electricity dues. The Supreme Court has upheld the award, setting aside the Bombay High Court's partial quashing of it. The High Court has been criticized for reducing the interest rates on the award, which was given to Reliance Infrastructure after disputes over pricing.

from Energy-Industry-Economic Times https://ift.tt/WbUmrAC