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 prev

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