Tata Power Faces $650 Million Legal Battle As Singapore Court Orders Sale Of Subsidiary Shares

Kleros Capital Partners has secured Singapore court orders authorizing the seizure and sale of Tata Power’s shares in two subsidiaries to enforce arbitration awards exceeding $650 million, including interest and costs, arising from a dispute over a Russian coal project, while Tata Power has filed a criminal complaint in India alleging misconduct by several individuals involved in the arbitration, including a litigation funder, an arbitrator and an expert witness.

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