Tata Power to appeal after losing $490 million arbitration case
The Singapore International Commercial Court (SICC) has dismissed all applications filed by The Tata Power Company Limited challenging a $490.32 million arbitration award in favour of Kleros Capital Partners Limited, a UK-based investment firm. With interest accruing from November 2020 and legal costs, Tata Power’s total liability has now exceeded $640 million, approximately Rs 6,000…