Tata Power challenged the awards before the SICC in October 2025; however, the court dismissed its applications in August 2026. (Image Source: iStock)
\n\nTata Power is seeking to block the potential sale of its stakes in two Singapore-based subsidiaries amid an escalating legal battle with investment firm Kleros Capital Partners. The Indian energy company says it has already pledged its holdings in the entities to lenders, which could complicate enforcement efforts tied to a $650 million arbitration dispute. The company is also pursuing legal remedies in Singapore, hoping to prevent the disposal of the assets while its appeal against the arbitration ruling remains pending.
\n\nOutgoing Managing Director Praveer Sinha said Kleros would have to address the lenders' existing claims before it could sell Tata Power's interests in Tata Power International and Bhira Investments. He estimated that the associated legal procedures could take between three and six months.
\n\nTata Power's position comes after Kleros announced that it had secured enforcement orders from the Singapore International Commercial Court (SICC). According to the investment firm, these orders allow court-appointed authorities to take control of and sell Tata Power's shareholdings in the two Singapore-based subsidiaries.
\n\nHowever, Tata Power argues the shares are already pledged…
Original source: https://www.timesnownews.com/business-economy
