Dhaka : Bangladesh's High Court on Thursday ordered India's Adani Group not to proceed with its planned international arbitration in Singapore over the payment dispute with state-run Power Development Board (BPDB) until an investigation into its power supply deal is completed.The court officials said a two-judge High Court bench issued the order that the arbitration must remain suspended until a committee it appointed to scrutinise the power purchase agreement and investigate potential irregularities submits the findings.

The order came in sequence of a lawyer's petition, seeking the High Court's intervention for review of scrapping BPDB's agreement with Adani, calling it a "one-sided" deal signed during deposed prime minister Sheikh Hasina's regime.The petition said Adani's power price

See Full Page