-
ALSO READ
Goa minister seeks suggestions from employees to improve work Goa govt projects Rs 2.7 lakh revenue collection at GMCH Reliance Infra wins Rs 292 cr arbitration award against Goa government Mining stakeholders to organise protest in Panaji on March 19 IMA Goa unit sets up medical grievance cell -
Reliance Infrastructure has filed an application in the Hon'ble Commercial Court, North Goa, at Panaji, Goa seeking the Court's direction for the payment of the Arbitration Award it has won recently against Goa Government.
In its Application filed under section 9 of the Arbitration and Conciliation Act, 1996, Reliance Infrastructure Limited has sought the Court's direction to Goa Government to pay an amount of Rs. 278.29 crore with interest totaling to Rs. 292 crore, which was awarded by the Arbitration Tribunal in its Award on 16 February 2018.
The Tribunal had ordered payment of interest at 15% P.
A. on the total award amount if Government of Goa fails to pay the entire award amount by 15 April 2018.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU