In a landmark ruling on contractual freedom and jurisdiction, the Supreme Court has clarified that exclusive jurisdiction clauses in contracts are valid under Section 28 of the Indian Contract Act, 1872.
Adani Power is seeking a refund of Rs. 280 crore from the Himachal Pradesh government related to a power project. The company’s petition is set to be heard by the Supreme Court. The dispute stems from the government’s cancellation of a project’s allotment to another bidder. The High Court overturned a ruling in Adani Power’s favor, dismissing their refund claim.
