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Business
Rajasthan High Court Upholds Cancellation of 653-Crore Award Against Bhagwati Enterprises
✍️ Amar Ujala · Jaipur
🗓 07 Nov 2026, 12:45 PM
👁 11
The Rajasthan High Court has upheld the Commercial Court's decision to cancel a 653.20 crore rupee arbitration award that was awarded to Bhagwati Enterprises, providing relief to Rajasthan Roadways.
The Rajasthan High Court, sitting in Jaipur, has upheld the Commercial Court's decision to cancel an arbitration award of 653.20 crore rupees that had been granted to Bhagwati Enterprises in a dispute with Rajasthan Roadways.
The award, which was originally issued by the Commercial Court, had called for Rajasthan Roadways to pay the sum to Bhagwati Enterprises. The High Court's ruling confirms that the award is void and that Rajasthan Roadways is not liable to make the payment.
The decision is seen as a significant relief for Rajasthan Roadways, a state-owned transport operator, which had been under pressure to settle the large amount. The High Court noted that the arbitration proceedings had been flawed and that the award did not meet the required legal standards.
The ruling is expected to have implications for future commercial disputes involving state entities and private firms, underscoring the importance of proper arbitration procedures.
The award, which was originally issued by the Commercial Court, had called for Rajasthan Roadways to pay the sum to Bhagwati Enterprises. The High Court's ruling confirms that the award is void and that Rajasthan Roadways is not liable to make the payment.
The decision is seen as a significant relief for Rajasthan Roadways, a state-owned transport operator, which had been under pressure to settle the large amount. The High Court noted that the arbitration proceedings had been flawed and that the award did not meet the required legal standards.
The ruling is expected to have implications for future commercial disputes involving state entities and private firms, underscoring the importance of proper arbitration procedures.