Adani-Reliance dispute: SC stays proceedings in arbitral tribunal based on appeals

Adani-Reliance dispute: SC stays proceedings in arbitral tribunal based on appeals

A 3-judge bench of Chief Justice of India Dhananjaya Chandrachud and Justices Hima Kohli and J B Pardiwala heard the arguments in part and listed the appeals on Wednesday on the top of the Board.

FPJ BureauUpdated: Tuesday, November 22, 2022, 08:37 PM IST
article-image

The Supreme Court on Tuesday stayed proceedings before the arbitral tribunal between Reliance Industries Ltd (RIL) and Adani Electricity Mumbai Ltd (AEML) as prayed by senior advocate Vikas Singh on behalf of RIL.

A 3-judge bench of Chief Justice of India Dhananjaya Chandrachud and Justices Hima Kohli and J B Pardiwala heard the arguments in part and listed the appeals on Wednesday on the top of the Board.

Senior advocate Neeraj Kishan Kaul told the court that AEML has no objection to the participation of RIL in the proceedings in view of the statement made on behalf of RIL. Since RIL has already filed its affidavit, AEML was asked to file its response during the course of hearing.

RECENT STORIES

Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets