Supreme Court · 2018 INSC 959 · Decided 11 October 2018
Vedanta LTD. v. Shenzen Shandong Nuclear Power Construction CO. LTD.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 959 · [2018] 12 S.C.R. 829
- Case number
- CIVIL APPEAL No. 10394/2018
- Decided
- 11 October 2018
- Bench
- R.F. NARIMAN, INDU MALHOTRA (2-judge bench)
- Outcome
- Leave Granted & Disposed off
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 34, 37
Headnote
Arbitration and Conciliation Act, 1996 - ss.34 and 37 - Appellant and the Respondent-Company entered into four inter- related contracts for construction of a Co-Generation Power Plant - Dispute arose between the parties - Respondent-Claimant invoked the Arbitration clause i.e. Indian Rupee (INR), United States Dollar ($) and European Union (EUR) - Arbitral Tribunal awarded the amounts in favour of the Claimant in INR and EUR, but rejected the claim made in $ - Arbitral Tribunal awarded interest on the amounts payable in INR and EUR at the rate of 9%
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