BusinessPhoto: Mint CompaniesSingapore Court Orders Seizure of Tata Power Shares Over $650 Million Debt
The Singapore International Commercial Court authorized the seizure and sale of shares held by Tata Power in its Singapore subsidiaries Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd. This action enforces a $650 million arbitration award owed to Kleros Capital Partners Limited, related to a dispute over the Krutogorovo coal deposit in Russia's Kamchatka region. The dispute stems from joint development agreements signed in 2013 and 2014.
Mint Companies·


