The Delhi high court on Wednesday in an interim order restrained Dabhol Power Company from going ahead with the arbitration proceedings against the Government of India in London in the matter pertaining to invocation of its counter guarantee in the Power Purchase Agreement.
Hearing a petition filed by the Union government, Justice S K Agarwal in an interim injunction restrained DPC till July 10 from going ahead with the arbitration proceedings initiated before the arbitral tribunal at London.
The arbitral tribunal had fixed June 23 for hearing on the matter.
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