Indian Court Sets Aside Award Worth $1.3B For Canceled Contract, Citing ‘Fraud’

(August 31, 2022, 1:31 PM EDT) -- NEW DELHI, India — A justice of the High Court of Delhi at New Delhi on Aug. 29 granted an application by an Indian state-owned corporation to set aside an arbitral award against it for the cancellation of a satellite spectrum contract, citing “patent illegalities” in the arbitration and “fraud” by the award-creditor and ruling that confirmation of the award would violate Indian public policy against fraud....

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