The Delhi High Court declined to stay an order setting aside a 2019 arbitral award requiring NTPC Ltd to pay Rs 1,891 crore to Jindal ITF for alleged wrongful termination of a coal transportation agreement. The court also did not prevent NTPC from invoking bank guarantees by Jindal ITF, pending the final disposal of the appeal.
Delhi HC upholds ruling on NTPC's Rs 1,891 crore dispute with Jindal ITF
