Oswal Greentech Ltd Awarded Rs. 97.17 Crores in Arbitral Matter

Oswal Greentech Ltd has received an arbitral award on June 4, 2025, in the matter of Oswal Greentech Limited and Arr Ess Industries Private Limited. The Sole Arbitrator, Justice Deepak Verma, Former Judge, Supreme Court of India, passed the award in favor of Oswal Greentech Limited under the Arbitration and Conciliation Act 1996. The tribunal has directed Arr Ess Industries Private Limited to pay a net total amount of Rs. 97,17,00,000/- (Rupees Ninety-Seven Crores and Seventeen Lakhs Only) to Oswal Greentech Limited. This award results in a partial recovery, with a shortfall of Rs. 375 crores not granted. The company is currently evaluating the arbitral award in consultation with its legal advisors to determine the appropriate further course of action.