Deals16 May 2024, 11:21 pm
HCL Infosystems Receives Final Arbitration Award of INR 150 Crore from ITI Limited
AI Summary
HCL Infosystems Limited has announced the receipt of a final arbitration award from ITI Limited for INR 150 Crore, including interest at 11% per annum. The award disallowed counter claims worth INR 111 Crore filed by ITI. Both parties have the right to object to the award before the appropriate court of law.
Key Highlights
- HCL Infosystems received final arbitration award of INR 150 Crore
- Interest at 11% per annum included in the award
- Counter claims of ITI worth INR 111 Crore disallowed
- Both parties have the right to object to the award