The High Court has issued an injunction preventing India's Adani Group from proceeding with arbitration in Singapore regarding unpaid bills under a power purchase agreement with Bangladesh.
In its order, the court said the arbitration must remain suspended until the committee it appointed to scrutinize the agreement and investigate potential irregularities submits its findings.
An HC bench of Justice Md Bazlur Rahman and Justice Urmi Rahman passed the order recently following a hearing of a petition.
Barrister M Abdul Kaiyum filed the petition with the Supreme Court on 12 November last year, challenging the legality of the 5 November 2017 power purchase agreement with Adani Power.
On 19 November last year, he sent a legal notice to the Bangladesh Power Development Board (BPDB) chairman and energy secretary to review or cancel the agreement with Adani.
