+
SC Sets Aside Arbitral Award in Ambani Case
ECONOMY & POLICY

SC Sets Aside Arbitral Award in Ambani Case

In a setback for Anil Ambani, the Supreme Court has overturned an arbitral award favouring a Reliance Infrastructure subsidiary. The decision marks a significant development in the legal battle between Anil Ambani's companies and Reliance Infrastructure.

The arbitration award in question pertained to a dispute between Reliance Infrastructure and Delhi Metro Rail Corporation (DMRC) over the Delhi Airport Metro Express Line project. An arbitral tribunal had previously ruled in favour of Reliance Infrastructure, awarding it damages of over Rs 48 billion.

However, the Supreme Court has now set aside this award, citing procedural irregularities and violation of principles of natural justice. The court found that the arbitral tribunal had failed to give Anil Ambani's companies a fair opportunity to present their case and defend their interests.

The ruling represents a significant setback for Anil Ambani's business interests, as it nullifies a substantial financial claim against DMRC. It also underscores the importance of adherence to due process and procedural fairness in arbitration proceedings.

The Supreme Court's decision is likely to have broader implications for arbitration jurisprudence in India, particularly in cases involving large-scale infrastructure projects and disputes between corporate entities. It reaffirms the judiciary's commitment to upholding principles of fairness and transparency in dispute resolution.

Overall, the overturning of the arbitral award represents a significant legal victory for DMRC and underscores the importance of procedural integrity in arbitration proceedings. It also highlights the challenges faced by businesses in navigating complex legal disputes in India's evolving regulatory landscape.

In a setback for Anil Ambani, the Supreme Court has overturned an arbitral award favouring a Reliance Infrastructure subsidiary. The decision marks a significant development in the legal battle between Anil Ambani's companies and Reliance Infrastructure. The arbitration award in question pertained to a dispute between Reliance Infrastructure and Delhi Metro Rail Corporation (DMRC) over the Delhi Airport Metro Express Line project. An arbitral tribunal had previously ruled in favour of Reliance Infrastructure, awarding it damages of over Rs 48 billion. However, the Supreme Court has now set aside this award, citing procedural irregularities and violation of principles of natural justice. The court found that the arbitral tribunal had failed to give Anil Ambani's companies a fair opportunity to present their case and defend their interests. The ruling represents a significant setback for Anil Ambani's business interests, as it nullifies a substantial financial claim against DMRC. It also underscores the importance of adherence to due process and procedural fairness in arbitration proceedings. The Supreme Court's decision is likely to have broader implications for arbitration jurisprudence in India, particularly in cases involving large-scale infrastructure projects and disputes between corporate entities. It reaffirms the judiciary's commitment to upholding principles of fairness and transparency in dispute resolution. Overall, the overturning of the arbitral award represents a significant legal victory for DMRC and underscores the importance of procedural integrity in arbitration proceedings. It also highlights the challenges faced by businesses in navigating complex legal disputes in India's evolving regulatory landscape.

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?