Calcutta High Court orders Finance Ministry to probe "shocking" collusion by Railways in ₹4,000 crore arbitration case

The Court also stayed the arbitral award passed in a dispute between the South Eastern Railways and Rashmi Metaliks Limited on finding that the award was, prima facie, tainted by fraud and corruption.
Justice Shekhar B Saraf, Calcutta High Court
Justice Shekhar B Saraf, Calcutta High Court

The Calcutta High Court on Tuesday ordered the Union Finance Ministry to set up a committee to inquire into the apparently shocking, fraudulent, and collusive conduct of the Indian Railways and its officials in an arbitration proceeding [Union of India v. Rashmi Metaliks Ltd.].

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