Legal16 Oct 2026, 01:26 pm
Syschem India Pays ₹1.25 Cr Settlement, Files for NCLT Withdrawal
AI Summary
Syschem (India) Limited has announced the full and final settlement of ₹1,25,00,000 (Rupees One Crore Twenty-Five Lakhs Only) in a dispute with Lotus Builders. This payment concludes the settlement agreement, and the company will now initiate proceedings before the National Company Law Tribunal (NCLT) to withdraw the pending matter. Syschem India will keep the stock exchange informed of further developments and the final order from the NCLT.
Key Highlights
- Syschem India paid ₹1.25 Crore as final settlement.
- Settlement reached with Lotus Builders.
- Company to file for withdrawal with NCLT.
- Further updates will be disclosed upon NCLT order.
Price Impact
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