Mumbai, Aug. 27 -- The court issued its judgment on 26 August 2026. It held that there was no breach of natural justice or the fair hearing rule by the majority of the arbitral tribunal in arriving at the final award.

The dispute stems from Tata Power's proposed involvement in the Krutogorovo coal project in Russia. Kleros initiated arbitration proceedings against Tata Power in November 2020, alleging breaches of confidentiality and other contractual obligations.

In September 2023, the arbitral tribunal found Tata Power liable for breaches of the relevant agreements. On 1 July 2025, the tribunal, by a 2:1 majority, awarded Kleros $490.32 million in damages, along with interest and costs.

Tata Power subsequently challenged the arbitral ...