Legal6 Feb 2026, 09:32 pm
Solarworld Energy Solutions Ltd Files Arbitration Petition Against SJVN Green Energy Ltd
AI Summary
Solarworld Energy Solutions Ltd has filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 before the Hon’ble High Court of Delhi. The petition is with respect to the 260 Mw and 100 Mw project being executed by the Company for SJVN Green Energy Limited. The project has been delayed due to SJVN Green Energy Limited's inability to timely complete its obligations under the Contract. The Company has sought relief from the High Court for the release of Retention amounts and other amounts, and the quantum of claims for both the 100 MW and 260 MW contracts are significant.
Key Highlights
- Solarworld Energy Solutions Ltd has filed an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996.
- The petition is with respect to the 260 Mw and 100 Mw project being executed for SJVN Green Energy Limited.
- The project has been delayed due to SJVN Green Energy Limited's inability to timely complete its obligations under the Contract.
- The Company has sought relief from the High Court for the release of Retention amounts and other amounts.
- The quantum of claims for both the 100 MW and 260 MW contracts are significant.