Tata Power has filed a notice of appeal with the Singapore Court of Appeal against a judgment dated August 26, 2026, concerning an arbitration award. The company is also addressing an order from the Singapore International Commercial Court directing the disclosure of its assets, following an application by Kleros. The appeal hearing is scheduled for January 19, 2027.
Tata Power Pursues Appeal Against Arbitration Award
In a significant development regarding its ongoing arbitration dispute, The Tata Power Company Limited has filed a notice of appeal with the Singapore Court of Appeal on September 7, 2026. This action is in response to the judgment issued by the Singapore International Commercial Court on August 26, 2026, which relates to arbitral awards dated July 1, 2025, and August 27, 2025. The appeal was filed within the prescribed limitation period of 28 days from the judgment date.
Court Directs Submissions and Hearing Schedule
The Singapore Court of Appeal has formally directed Tata Power to submit its detailed arguments by November 23, 2026. The hearing for this appeal is scheduled to take place before the Court of Appeal on January 19, 2027. This marks a new phase in the company’s legal challenge following the initial arbitration proceedings.
Enforcement Proceedings and Asset Details Order
Previously, Kleros Capital Partners Limited had sought the enforcement of an arbitral award dated July 1, 2025, via an application filed on July 24, 2025. The Singapore International Commercial Court had granted a judgment to enforce this award on September 17, 2026. Furthermore, in a separate application (SUM 110) filed by Kleros, an order was passed on October 26, 2026, directing officers of the Company to provide details of Tata Power’s assets within 14 days. This was an ex parte proceeding.
Notice of Attachment Served on Subsidiaries
On November 6, 2026, the Company’s two wholly-owned subsidiaries registered in Singapore, namely Tata Power International Pte. Limited and Bhira Investments Pte. Limited, were served with notices. These notices informed them about the attachment of the Company’s shares in these subsidiaries by the Court appointed Sheriff. A copy of the order dated October 26, 2026, passed by the Singapore International Commercial Court in SUM110, was also served.
Shares Pledged and Legal Advice Sought
It is noted that the Company’s shares in these subsidiaries are currently pledged to a consortium of lenders. Tata Power is actively seeking legal advice on this matter and will undertake necessary actions as per the law.
Other Litigation Status
The Company has stated that sections pertaining to litigation against key management personnel or its promoter, and any event of settlement of proceedings, are not applicable to this disclosure.
Source: BSE
