Legal17 Jul 2026, 05:00 pm
RailTel Faces ₹60.26 Cr Claim in Arbitration with 3i Infotech
AI Summary
RailTel Corporation of India Ltd has disclosed new litigation initiated by 3i Infotech Limited. The dispute arises from the termination of a contract for RailTel's Wi-Fi Monetisation Project. 3i Infotech has invoked arbitration, claiming ₹60.26 Crore. RailTel, however, has a counter-claim of ₹91.34 Crore. The final financial implications will depend on the arbitration tribunal's adjudication.
Key Highlights
- RailTel is involved in new arbitration proceedings with 3i Infotech.
- The dispute concerns the termination of a Wi-Fi Monetisation Project contract.
- 3i Infotech claims ₹60.26 Crore, while RailTel has a counter-claim of ₹91.34 Crore.
- Financial impact is contingent on the arbitration outcome.
Price Impact
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