Reliance Infrastructure has won the arbitration award of Rs 526 crore against Aravali Power Company. Reliance Infra has invoked the arbitration against Aravali Power for wrongful termination of the contract in 2018
A three-member arbitral tribunal has held that the termination by Aravali Power was illegal, invalid, and wrongful, and partly allowed Reliance Infra’s claims for damages and costs incurred due to wrongful termination.
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