Jyoti Infratech SC Stays Rs10.27 Cr Penalty

Supreme Court granted special leave, dismissed Jyoti Infratech’s civil appeal against Madhya Pradesh, confirming interim stay on penalty recovery.
The dispute stems from termination of a bridge construction contract under NDB projects, with a Rs 10.27 cr penalty imposed.
Court ordered that no coercive steps be taken until arbitration (Reference Case No. 51/2024) is concluded, and interim order merges with final award.