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Ashok Leyland has won an arbitration award of Rs 222.65 crore, along with interest and legal costs, in its long-running dispute with the Delhi Transport Corporation (DTC), while the arbitral tribunal has rejected DTC's entire counterclaim against the commercial vehicle maker, according to a stock exchange filing.
The company informed the exchanges that the dispute arose after it supplied buses to DTC between 2009 and 2011 under contracts awarded through a tender process. "Ashok Leyland Limited ("AL") had supplied buses to Delhi Transport Corporation (DTC) between years 2009-2011 against a tender invited by DTC. In pursuance of the contracts with DTC, AL had raised certain claims for which AL had initiated arbitration against DTC in year 2013," the company said. Ashok Leyland said its original claim in the arbitration was Rs 445 crore, while DTC had filed a counterclaim of Rs 136 crore. According to the filing, "Arbitral Tribunal vide its majority Award dated 6th July 2026 allowed part of the claims of AL in the sum of 222.65 Crore plus interest @10% per annum for the period of pre-arbitration, pendente lite and from the date of the Award till payment of the awarded amount along with legal cost of 2.96 Crore. The Tribunal has rejected the entire counter claim of DTC." The company said it is reviewing the award and assessing the final amount receivable, including interest. "The Company is in the process of reviewing the contents of the award, ascertaining the final award amount inclusive of interest, and considering available options for the remaining amount claimed but not awarded," it said. Ashok Leyland added that the expected financial implications of the award are "being ascertained." (ANI)
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