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The Bangladesh High Court has issued an injunction halting arbitration proceedings initiated by India's Adani Group in Singapore over unpaid electricity bills amounting to $234 million. The court ruled that the arbitration must remain suspended until a judicially appointed committee submits its report on alleged irregularities in the power purchase agreement between Adani Power and the Bangladesh Power Development Board (BPDB). The bench, led by Justices Md Bazlur Rahman and Urmi Rahman, delivered the order after a preliminary hearing. The dispute stems from Adani’s claim of unpaid dues under a 25-year electricity supply contract from its Jharkhand-based power plant. BPDB has resisted arbitration, citing an ongoing investigation into the deal’s legality and potential corruption. The High Court’s committee has already found preliminary evidence of irregularities and is expected to submit its final report by mid-December. Adani had earlier warned of possible power supply suspension if dues remained unpaid. The case has drawn attention due to allegations that the contract was politically influenced under the previous government.
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