Reliance Power wins case in Indonesia

Reliance Power, the Anil D Ambani firm, on Tuesday said its arm has won a lawsuit in Indonesia that challenged the validity of a Singapore arbitration award favouring the company.

In a communication to the stock exchanges, the power generation and coal resources firm said that Reliance Power Netherlands BV, its wholly owned subsidiary, has won the lawsuit in the Central Jakarta district court in Indonesia.

Reliance Power added that Kokos Jiang and Prestige Capital Holdings, which were respondents in the arbitration, had filed a lawsuit in the Jakarta court requesting nullification of the entire arbitration award.