Legal31 Oct 2026, 08:11 pm
Blue Star Oman Arbitration: Dubai Court Dismisses WJT Annulment Plea
AI Summary
Blue Star Ltd has announced that the Dubai Court of Appeal has dismissed the annulment application filed by W.J. Towell & Co LLC (WJT) seeking to overturn the arbitration award. The original award, issued on July 23, 2026, favored Blue Star by dismissing WJT's claim of OMR 2,11,80,748 (approximately ₹461.74 crores). While WJT may still appeal the award, the company believes the grounds for annulment were baseless. This development follows previous disclosures regarding the arbitration proceedings initiated by WJT concerning the management of Blue Star Oman Electro Mechanical Company.
Key Highlights
- Dubai Court of Appeal dismissed WJT's annulment application.
- Original arbitration award favored Blue Star, dismissing WJT's claim.
- WJT's claim was for OMR 2,11,80,748 (approx. ₹461.74 Crores).
- Company believes annulment grounds were baseless.
- WJT may still appeal the award.
Price Impact
More from BLUESTARCO