Tehran (IP) - Iran's President Ebrahim Raisi has authorized the initiation of arbitration proceedings in the dispute between the Iranian Gas Engineering and Development Company (IGEDC) and the State Trading Corporation of India LTD.

Iran PressIran news: The decree, which has been approved by the Iranian Parliament and Guardian Council, paves the way for legal action following a contract signed in 2013.

"The move allows IGEDC to pursue its claims against the Indian company, alleging significant shortfalls in meeting contractual obligations."

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