Bombay High Court Dismisses EuroChem Appeal in 19,500 Crore Tecnimont Dispute

A division bench of the Bombay High Court, comprising Justices Bharati Dangre and Manjusha Deshpande, has <b>dismissed an appeal</b> filed by Russian fertiliser manufacturer EuroChem North-West-2. The company sought to freeze the Indian assets of Italian engineering firm Tecnimont S.p.A. in a 19,500-crore foreign decree enforcement suit. The court upheld a previous single-judge order that denied interim relief to EuroChem. The dispute originated from 2020 contracts for a Russian fertiliser complex, which were later impacted by international sanctions. EuroChem had pursued enforcement of a Moscow Commercial Court decree in Mumbai, despite existing anti-suit injunctions from the International Chamber of Commerce and English courts.