Setback for PSPCL, petition in Rs 1,602-cr dispute rejected

In a major setback for Punjab State Power Corporation Limited (PSPCL) in a dispute involving Rs 1,602 crore, the Punjab and Haryana High Court has ruled that its plea questioning the jurisdiction of an arbitral tribunal to adjudicate the matter was “highly belated”.

Turning down the petition, Justice Deepak Sibal asserted the tribunal’s order dismissing petitioner’s application on jurisdiction was passed on January 8, 2017. The petitioner did not challenge it for nearly two-and-a-half years. In the meanwhile, it continued to voluntarily participate in the proceedings before the tribunal without any protest whatsoever.