StocksMedium•4 November 2026•
1 min read
Tata Power Files Criminal Complaint Against Kleros Capital Over ₹4,800 Crore Arbitration
Key Facts
1Tata Power filed a First Information Report (FIR) in Mumbai against Kleros Capital Partners and others alleging criminal conspiracy and fraud.
2The dispute involves a ₹4,800 crore Singapore arbitration award related to a coal project in Russia.
Tata Power filed a First Information Report (FIR) in Mumbai against Kleros Capital Partners and others alleging criminal conspiracy and fraud. The Free Press Journal reported that the dispute involves a ₹4,800 crore (approximately $570 million) Singapore arbitration award related to a coal project in Russia.
The conflict arose after Tata Power withdrew from a proposed joint venture in Russia, leading Kleros to initiate arbitration proceedings that Tata Power now claims were compromised by criminal activity, manipulation, and the misuse of confidential data. The company is taking defensive legal action to contest the massive financial claim.