Arbitration Route Upheld in APGENCO Dispute; Individual Consortium Member Can Trigger Process, Deeper Issues Left to Arbitral Tribunal: Supreme Court
A long-standing dispute related to the Rayalaseema Thermal Power Plant in Andhra Pradesh reached a crucial stage on Tuesday when the Supreme Court refused to block arbitration proceedings initiated by a single member of the consortium. The project involved an EPC contract awarded by Andhra Pradesh Power Generation Corporation Limited (APGENCO) to a consortium initially led by Tecpro Systems Ltd, along with VA Tech Wabag Ltd and Gammon India Ltd.…
