Legal6 May 2026, 12:45 pm
Enviro Infra Wins ₹8.65 Cr Arbitration Award vs HSIIDC
AI Summary
Enviro Infra Engineers Ltd has been awarded an arbitral award of approximately ₹8.65 crore (including interest and litigation costs) against Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) in two arbitration cases initiated in 2022. The disputes relate to non-payment of dues for the Faridabad and Rohtak CETP projects. The arbitration was adjudicated under the Delhi International Arbitration Centre (DIAC).
Key Highlights
- Enviro Infra awarded ₹8.65 Cr in arbitration against HSIIDC.
- The award covers two projects: Faridabad and Rohtak CETPs.
- Arbitration was initiated in 2022 due to non-payment of dues.
- The award includes interest, litigation costs, and legal fees.
- Interest at 16% p.a. from Jan 1, 2026 on VAT and Service Tax is also awarded.
Price Impact
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