In a landmark 255-page judgement, the Calcutta High Court has upheld an arbitral award in favor of Reliance Infrastructure (“RIL”), arising out of a deal struck with the Damodar Valley Corporation.
In a landmark 255-page judgement, the Calcutta High Court has upheld an arbitral award of ₹1,354 crores in favour of Reliance Infrastructure (“RIL”), arising out of a deal struck with the Damodar.
The Court expressed concern that arbitration in India is being burdened by increasing judicial interference at every stage, which demotes India’s standing as a business-friendly destination.
Damodar Valley Corporation vs Reliance Infrastructure Limited on 29 September, 2023 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.