Jayshree Chemicals Loses Arbitration Challenge, Grasim ₹31 Crore Award Upheld

Commercial Court dismissed Jayshree Chemicals’ challenge to the arbitral award, upholding liability for ₹2.11 crore, ₹28.70 crore remediation costs and ₹25 lakh arbitration costs, plus applicable interest. The ruling creates a significant financial burden related to mercury-site remediation.