Brief: Shanghai Electric Group Files For Arbitration Against India's Reliance Infrastructure Ltd

Reliance Infrastructure

17/12/2019 13:39

Dec 17 (Reuters) - Shanghai Electric Group Co Ltd
 601727.SS :
    * FILED TO SINGAPORE INTERNATIONAL ARBITRATION CENTRE FOR
ARBITRATION AGAINST INDIAN FIRM RELIANCE INFRASTRUCTURE LTD
    * FILED ARBITRATION REQUIRING RELIANCE INFRASTRUCTURE'S
PAYMENT
FOR EQUIPMENT PURCHASED AND OTHER RELEVANT PAYABLES
    * CO HAS RECEIVED NOTICE ON ACCEPTANCE FROM SINGAPORE
INTERNATIONAL ARBITRATION CENTRE
    * ALLEGES RELIANCE INFRASTRUCTURE HAS NOT PAID FOR EQUIPMENT
PURCHASED AND OTHER RELEVANT PAYABLES IN AMOUNT OF ABOUT $135.3
MILLION

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