Tata Power has announced its intention to appeal the judgment of the Singapore International Commercial Court (SICC) dated August 26, 2026. The SICC dismissed the company’s challenge against arbitral awards issued on July 1, 2025, and August 27, 2025, concerning proceedings initiated by Kleros Capital Partners Limited. The company has 28 days from the SICC’s decision to file its appeal with the Singapore Court of Appeal.
Tata Power to Appeal SICC Judgment on Arbitral Awards
In a significant development concerning ongoing litigation, The Tata Power Company Limited has confirmed its decision to file an appeal against the judgment delivered by the Singapore International Commercial Court (SICC) on August 26, 2026. This judgment pertains to a challenge filed by the company concerning two arbitral awards.
Background of the Dispute
The arbitral awards in question were issued on July 1, 2025, and August 27, 2025. These awards originated from arbitration proceedings initiated by Kleros Capital Partners Limited against Tata Power on November 30, 2020. Tata Power had also challenged a decision by the Singapore International Arbitration Centre (SIAC) Court dated June 5, 2025, which had rejected its challenge to the appointment of arbitrators involved in the majority arbitral award.
SICC Ruling and Tata Power’s Response
The SICC, in its recent judgment, dismissed Tata Power’s challenge, concluding that there was no breach of natural justice or the fair hearing rule by the majority arbitrators in reaching the final award. Tata Power now has a window of 28 days from August 26, 2026, to lodge an appeal against the SICC’s decision with the Singapore Court of Appeal. The company intends to utilize this period to formally file its appeal.
Other Proceedings Remain Unchanged
Details regarding any changes in the status of litigation against key management personnel, promoters, or the ultimate person in control were stated as Not Applicable. Similarly, in the event of any settlement of proceedings, details of such settlements, including terms, compensation, or penalties, and their impact on the financial position of the listed entity were also marked as Not Applicable.
Source: BSE
