Ion Exchange India Ltd gets favorable verdict in arbitration claim filed against it by Ethigen Inc

Ethigen Inc. had filed an Arbitration claim of USD 18,00,000 approx. Rs. 149.56 crores for damages against Ion Exchange (India) Limited at the International Chamber of Commerce (ICC) alleging the wrongful termination and breach of terms of the agreement by Ion Exchange (India) Limited. The ICC tribunal has delivered the Arbitration Award. As per the award order copy received by the company, the ICC tribunal has rejected Ethingen's claim for damages against the Company and has also rejected all other claims and requests of the parties.

Source : Equity Bulls

Keywords

Ethingen ArbitrationClaim Rejected IonExchangeIndia ICC FavorableVerdict