Legal24 Apr 2026, 01:59 pm
Prism Johnson Concludes Arbitration, Receives ₹8.87 Cr
AI Summary
Prism Johnson Ltd. has concluded arbitration proceedings with M/s Doosan Power Systems India Pvt Ltd following a settlement in a commercial dispute. An arbitral award pronounced on April 16, 2026, mandates Doosan to pay Prism Johnson ₹8,86,52,116 by May 27, 2026, to settle all claims and costs. The company had previously written off the claim amount but expects to recover a major portion, resulting in no adverse impact on its financial position.
Key Highlights
- Prism Johnson concludes arbitration with Doosan Power Systems.
- Doosan to pay Prism Johnson ₹8,86,52,116 by May 27, 2026.
- Settlement resolves all claims, counter claims, interest, and costs.
- Company expects to recover a major portion of previously written-off claim.
- Arbitral Award will not have an adverse impact on Prism Johnson's financials.
Price Impact
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