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Singapore Court Grants Enforcement Orders Authorising the Seizure and Sale of Tata Power's Shares in Singapore Companies
- The Singapore International Commercial Court authorised the Sheriff to seize and sell Tata Power’s shares in Bhira Investments and Tata Power International.
- The orders followed the court’s dismissal of Tata Power’s applications to set aside arbitration awards in Kleros Capital Partners’ favour.
- A Singapore International Arbitration Centre tribunal found Tata Power had breached its agreements and duties of good faith and confidence.
- The tribunal awarded Kleros USD 490.32 million plus 5.33% annual simple interest, which Kleros says Tata Power has not paid.
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keenesentinel.com+20 Reposted by 20 other sources
Singapore Court grants enforcement orders authorising the seizure and sale of Tata Power's shares in Singapore companies
SINGAPORE, Nov. 6, 2026 /PRNewswire/ -- Kleros Capital Partners Limited ("Kleros") confirms that the Singapore International Commercial Court (the "SICC") has granted enforcement orders (SIC/EO 4/2026) authorising the Sheriff to seize and sell the shares held by The Tata Power…
Coverage Details
Total News Sources24
Leaning Left5Leaning Right4Center12Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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