Announced Tue, 9 Jun, 2026 · 15:22 IST
Bombay HC dismisses PCTL challenge to arbitral award in favour of company
ENRIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹3493.10
prior close
₹3551.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1———-1.5-2.1+3.9+1.9+3.5+8.7+4.1-1.2+2.3-8.6
Up moveDown movePending
AI summary
Bombay High Court dismissed a petition by Paharpur Cooling Towers (PCTL) challenging a 2019 arbitral award in favour of the company. The dispute relates to a 2010 turnkey contract for the 1200 MW DGEN Mega Power Project from Torrent Energy. PCTL sought an additional 664.90 million rupees. The court upheld the award and rejected all grounds raised by PCTL. No additional financial liability as the company has already paid the amounts due under the award.
Likely market impact
Court win for the company. No additional financial liability as amounts were already paid. Positive outcome, closes a long-pending dispute.