SC rejects RCF plea, orders 218cr refund
In a significant ruling, the Supreme Court has mandated Rashtriya Chemicals and Fertilizers to refund 218 crore, including interest, to Thermax Ltd. This decision reverses an arbitral award as determined by the Bombay High Court, which the apex court has chosen not to contest. Central to this legal battle was the claim for damages resulting from a malfunctioning gas turbine.
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