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.
The Calcutta High Court has found that the distinction between ‘married’ and ‘unmarried’ daughters for the purpose of compassionate appointment, as per Clause 9.3.3 of the National Coal Wages.
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.