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8 announcements with these filters
SWSOLAR's ICC arbitration with TSGF SPA extended until March 31, 2027. A conditional settlement was executed with no financial impact until implementation.
Sterling and Wilson Renewable Energy settled a tax dispute with the Kenya Revenue Authority, reducing the demand to ₹2.66 Crore from an earlier ₹26.50 Crore.
Sterling and Wilson's subsidiary filed a legal motion in South Africa to recover Rs. 25.50 Crore from insurance providers after a sub-contractor went into liquidation.
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
CGST Jaipur demanded ₹27.72 Cr tax and penalty from Sterling and Wilson for Nov 2020 to Nov 2021. Company states demand is largely covered by promoter indemnity.
Sterling and Wilson's subsidiary, SWSS, has initiated a new arbitration against OEG Inc. regarding undetermined counterclaims. A three-member arbitration panel has been constituted.
Sterling and Wilson's subsidiary initiated arbitration against Shell Australia for claims totaling approximately ₹284.81 Crore. The dispute concerns EPC and O&M contracts for a solar farm.
Sterling and Wilson received a revised CGST demand of ₹2.97 crore. The company is currently evaluating the order to determine further action.