# Singapore Court grants enforcement orders authorising the seizure and sale of Tata Power's shares in Singapore companies

- Link: https://www.thailand-business-news.com/pr-news/singapore-court-grants-enforcement-orders-authorising-the-seizure-and-sale-of-tata-powers-shares-in-singapore-companies
- Published: 2026-11-06T14:00:00+07:00
- Author: PR Newswire

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SINGAPORE, Nov. 6, 2026 /PRNewswire/ — Kleros Capital Partners Limited ("Kleros")
confirms that the Singapore International Commercial Court (the "SICC") has granted
enforcement orders (SIC/EO 4/2026) authorising the Sheriff to seize and sell the
shares held by The Tata Power Company Limited ("Tata Power") in its Singapore subsidiaries:
Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd.

The orders follow [the SICC’s dismissal on 26 August 2026 of all of Tata Power’s applications to set aside the arbitration awards](https://www.judiciary.gov.sg/singapore-international-commercial-court/hearings-judgments/judgments)
issued in Kleros’s favour, and the subsequent recognition of those awards as judgments
of the Singapore Court. 

Kleros began arbitration in November 2020 at the Singapore International Arbitration
Centre ("SIAC"), one of the world’s leading institutions for resolving international
commercial disputes. The case was heard by a three-member tribunal: Professor Lawrence
Boo (presiding), Mr. Stuart Isaacs KC, and Mr. Amal K. Ganguli, a Senior Advocate
and retired Judge of the Supreme Court of India. On 26 September 2023, the tribunal
unanimously found that Tata Power had breached the Agreements and its duties of 
good faith and confidence.

On 1 July 2025, the tribunal issued its award on damages, awarding Kleros USD 490.32
million plus simple interest of 5.33% per annum from 30 November 2020 until payment.
As is standard in international arbitration, the decision is final and binding, 
payable immediately upon release, and globally enforceable.

Tata Power has not paid any part of the sums due under the awards. The debt currently
exceeds USD 650 million, comprising principal damages of USD 490.32 million together
with simple interest at 5.33% per annum from 30 November 2020 — approximately USD
71,600 per day — plus costs.

**Notes to editors**

 ◦ The arbitration was commenced in November 2020 at the Singapore International
   Arbitration Centre. The tribunal issued its liability award on 26 September 2023
   and its damages award on 1 July 2025.
 ◦ On 26 August 2026 the SICC dismissed all of Tata Power’s challenges to the awards.
 ◦ An enforcement order authorises the Sheriff of the Singapore Courts to seize 
   and sell property of a judgment debtor in satisfaction of a judgment debt.
 ◦ See previous release here: [https://www.prnewswire.com/news-releases/singapore-court-dismisses-all-of-tata-powers-challenges-to-usd-490-million-arbitration-awards-in-favour-of-kleros-302860502.html](https://www.prnewswire.com/news-releases/singapore-court-dismisses-all-of-tata-powers-challenges-to-usd-490-million-arbitration-awards-in-favour-of-kleros-302860502.html)

**About Kleros Capital Partners**

Kleros Capital Partners Limited is an investment firm focused on identifying and
developing large-scale resource and infrastructure opportunities.

 

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