Legally Bharat

Reliance Infrastructure faces ₹494 cr arbitral award; Plans appeal, ET LegalWorld

Reliance Infrastructure Limited has received an arbitral award passed by a arbitral tribunal in the matter of arbitration between Aravali Power Company Private Limited and RIL in relation to a EPC Contract on December 18, 2024. A three-member arbitral tribunal by a 2:1 majority held in favour of APCPL. The Award against the Company is […]

HC upholds Rs 780 crore award to Reliance Infra, ET LegalWorld

Reliance Infrastructure told exchanges that the Calcutta HC ruled in its favour on Friday in a petition by Damodar Valley Corporation challenging a Rs 780-crore arbitration award relating to the construction of the Raghunathpur Thermal Power Project. The dispute originated from three agreements signed on Dec 6, 2008. The project encountered significant delays, leading to […]

U.S. Court overturns $25 million arbitration award against former SEBI chairperson Meleveetil Damodaran, ET LegalWorld

A U.S. Court has overturned an arbitration award against Meleveetil Damodaran, former Chairperson of SEBI, which had previously found him liable for $25 million in damages to UpHealth Holdings Inc., a U.S.-based healthcare entity. The award was connected to a Share Purchase Agreement (SPA) involving UpHealth, Glocal Healthcare Systems Private Limited (India), and its shareholders, […]

Hc Declines To Award 5 Grace Marks, Legal News, ET LegalWorld

The HC recently dismissed a batch of petitions filed by several medical students, seeking the award of 5 grace marks in the course attempted in (MBBS) RS4 Examinations of Jan 2024. Justice S Sunil Dutt Yadav also rejected their prayer, seeking the quashing of the “Ordinance/Notification governing Central Assessment Programme (CAP) for Theory Paper Assessment […]