Legal13 May 2026, 07:31 pm
Sterlite Tech: Delhi HC Dismisses Petition vs. BSNL
AI Summary
The Hon’ble High Court of Delhi dismissed a petition filed against Bharat Sanchar Nigam Limited (BSNL) to set aside an arbitral award dated May 9, 2023. This legal matter is related to Sterlite Technologies Ltd's (STL) Global Services Business, which has been demerged into STL Networks Limited, effective March 31, 2025. Consequently, any contingent liability now pertains to STL Networks Limited, which has made the necessary disclosures on BSE and NSE on May 12, 2026.
Key Highlights
- Delhi High Court dismissed STL's petition against BSNL regarding an arbitral award.
- The legal matter concerns the Global Services Business, formerly part of STL.
- STL's Global Services Business was demerged into STL Networks Limited.
- Contingent liability related to the matter now pertains to STL Networks Limited.
- STL Networks Limited has filed requisite disclosures with BSE and NSE.
Price Impact
More from STLTECH