Fraud on Self No Ground to Resist ₹1087 Cr Arbitral Award: SC

MMTC Ltd. Vs Anglo American Metallurgical Coal Pvt. Ltd. (Supreme Court of India) Fraud on Self No Ground to Resist Execution – SC Upholds ₹1,087 Cr Arbitral Award Against MMTC The Supreme Court dismissed MMTC’s objections under Section 47 CPC, thereby upholding enforcement of an arbitral award of about ₹1,087 crore in favour of Anglo. MMTC contended that its senior officials had colluded with Anglo in fixing an abnormally high coal price of US$ 300 per metric tonne for the 5th delivery period under a 2007 Long Term Agreement, despite the prevailing market rate being around US$ 96, &am...