Legal3 Jun 2026, 04:07 pm
Inspirisys Solutions: Kerala Litigation Resolved for ₹75.89 Lakhs
AI Summary
Inspirisys Solutions Ltd has announced the amicable resolution of a material litigation with Kerala Medical Services Corporation Limited (KMSCL). The dispute, which dates back to services rendered in 2011, was settled through mediation. The Hon'ble High Court of Kerala passed an order on April 10, 2026, disposing of the matter. Consequently, the demand of ₹75.89 lakhs against the company has been resolved. The company paid ₹7,68,300 towards a Bank Guarantee as part of the settlement, with all claims and counterclaims mutually waived.
Key Highlights
- Litigation with KMSCL amicably resolved via mediation.
- Court order passed on April 10, 2026, disposing of the matter.
- Demand of ₹75.89 lakhs against the company is now resolved.
- Settlement involved mutual waiver of claims and counterclaims.
Price Impact
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