Legal7 April 2026 at 02:21 pm
Newgen Software to Pay USD 1.37 Million Following Dismissal of Appeal by Qatar's Court of Cassation
AI Summary
Newgen Software Technologies Ltd. has been ordered to pay USD 1.37 million (or its equivalent in Qatari Riyals) along with QAR 200,000 as compensation for damages and court costs, following the dismissal of their appeal by the Court of Cassation in Qatar. This order comes after an adverse judgement passed by the Investment and Trade Court in Qatar in September 2025. The company will take necessary steps to comply with the order, with no material impact on its business or operations beyond the financial implications.
Key Highlights
- Newgen Software ordered to pay USD 1.37 million following dismissal of appeal by Qatar's Court of Cassation
- Order comes after adverse judgement passed by Investment and Trade Court in Qatar in September 2025
- Company is also liable to pay QAR 200,000 as compensation for damages and court costs
- No material impact on the business or operations of the Company beyond the financial implications
- Newgen Software to comply with the order as per the highest court's decision in Qatar