Legal27 March 2026 at 02:41 pm
Nagarjuna Fertilizers Challenges $16.43 Million Arbitration Award Before Supreme Court
AI Summary
Nagarjuna Fertilizers and Chemicals Ltd. has contingent liabilities including matters relating to M/s. Trammo DMCo, in connection with certain purported contracts for purchase of fertilizers. The company has been contesting the enforcement of an International Arbitration Award of USD '16,427,310.80 and GBP 606,628.29 before the Hon'ble High Court of Bombay since 2016. Aggrieved by the High Court's judgment, the company is proceeding with a Special Leave Petition before the Hon'ble Supreme Court of India. The company also filed a Criminal Complaint against the supplier and its officials. A Curative Petition is also being processed in the criminal case.
Key Highlights
- Nagarjuna Fertilizers and Chemicals Ltd. has contingent liabilities relating to M/s. Trammo DMCo for purported contracts of fertilizer purchase.
- An International Arbitration Award of USD '16,427,310.80 and GBP 606,628.29 was passed against the company in September 2016.
- The company has been contesting the enforcement of the arbitration award before the Hon'ble High Court of Bombay since 2016.
- Aggrieved by the High Court's judgment, the company has filed a Special Leave Petition before the Hon'ble Supreme Court of India.
- A Curative Petition is being processed in the criminal case filed against the supplier and its officials.