Triveni Turbines takes US-based GE to NCLT alleging misconduct in JV

GE is in JV with Triveni Turbines, arm of Triveni Engineering for making steam turbines in 30-100 MW range

Triveni Engineering and Industries arm Triveni Turbines has taken US-based General Electric (GE) to the National Company Law Tribunal (NCLT) alleging misconduct by the latter in the Joint Venture (JV) between the two. The Bengaluru bench of NCLT has admitted the petition and will next hear the matter on July 9. In the interim, the NCLT has also barred GE from selling its stake in the JV to any third party until the matter is heard and disposed-off.

Triveni Turbines had entered into an equal partnership JV with GE to form GE Triveni, which would engage in the business of manufacturing