Singapore Court Orders Seizure of Tata Power Shares
A Singapore court has authorized the seizure and sale of Tata Power's shares in two Singapore-based subsidiaries to recover dues from a $650 million arbitration dispute. The dispute involves Kleros Capital Partners and concerns the Krutogorovo coal deposit in Russia. The Singapore International Commercial Court dismissed Tata Power's challenges and empowered the seizure following a long-running legal battle.
TOI Business·


