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HCL Infosystems Ltd - HCL Infosystems Limited - Updates     Back
(04 Apr 2024)
HCL Infosystems Limited has informed the Exchange regarding Intimation is hereby given under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company has received final arbitration award, in the arbitration filed by the Company against Government of National Capital Territory of Delhi ( GNCTD ) for recovery of dues against setting up and maintaining a wireless Secured Communications Network (TETRA) and the summary of the award is as under: 1. The monetary relief awarded in favour of the Company as per the arbitral award is Rs. 4.5 crores alongwith interest @8% per annum from the date of the award till payment. 2. The Counter Claims worth Rs. 163 Crores filed by the GNCTD against the Company have also been disallowed. The parties have the right to file respective objection against the award, if any, before the appropriate court of law..
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