The Delhi High Court delivered a split verdict regarding the validity of an arbitral award worth ₹1,889 crore in the Jindal-NTPC dispute, sending the case to the Chief Justice.
Delhi HC Issues Split Verdict on Jindal-NTPC Arbitral Award
A division bench of the Delhi High Court has issued a split verdict on the validity of an arbitral award directing NTPC Limited to pay over ₹1,889 crore to Jindal ITF Limited (JITF). This case, titled M/s Jindal ITF Limited v NTPC Limited & Anr, reflects differing opinions among the justices involved in the decision.
Justice C Hari Shankar upheld the arbitral tribunal’s findings regarding certain claims, while Justice Om Prakash Shukla disagreed, arguing that those claims could not be sustained. The divergence in opinions has led to the case being referred to the Chief Justice to determine the next steps.
“The opinion has been divided, and the case will now be forwarded to the Chief Justice,” was stated in the ruling.
This split verdict is significant as it showcases potential legal ambiguities in arbitration enforcement. Practitioners focusing on arbitration should take note of the implications this ruling could have on the landscape of disputes for large financial awards and the enforceability of arbitral decisions.
Citations
- M/s Jindal ITF Limited v NTPC Limited & Anr (2026) Delhi HC
