TBBBearing,Let the world have no hard to buy Bearings

Dalmia Bharat ordered to pay US$4.5m in damages over coal import deal

India: The Delhi High Court has rejected an appeal by Dalmia Bharat in a coal import deal with Glencore that went wrong. The cement producer will now be required to pay US$4.3m in damages and US$0.27m in interest, according to the DNA newspaper. Dalmia Cement, part of Dalmia Bharat Group, originally arranged a deal to import coal in multiple consignments. However it later refused to accept some of the shipments citing poor quality. Glencore then won damages at an arbitration tribunal that ruled that Dalmia had breached its contract.

Dalmia Bharat ordered to pay US$4.5m in damages over coal import deal

From : Global coment   Release times : 2018.05.13   Views : 2401

India: The Delhi High Court has rejected an appeal by Dalmia Bharat in a coal import deal with Glencore that went wrong. The cement producer will now be required to pay US$4.3m in damages and US$0.27m in interest, according to the DNA newspaper. Dalmia Cement, part of Dalmia Bharat Group, originally arranged a deal to import coal in multiple consignments. However it later refused to accept some of the shipments citing poor quality. Glencore then won damages at an arbitration tribunal that ruled that Dalmia had breached its contract.

Disclaimers statement: All news (Except for TBB news) are collected from internet,and all copyright reserved by original authors.If they relate to your copyright,please contact us and we will delete in time,thanks.

'
Copyright © 2000-2022 TBB Bearing Provision. All Rights Reserved.
Online Service
Heidi-TBB
MAGGIE-TBB
CAROL-TBB
NAMI-TBB
Asking for price
Asking for price
Release Your Inquiry for FREE !