Legal13 Oct 2026, 07:10 pm
Texmo Pipes Awarded ₹25.66 Cr Against L&T
AI Summary
Texmo Pipes and Products Ltd has received an arbitral award of ₹25.66 crore plus interest and costs against Larsen and Toubro Limited. The award pertains to business disputes adjudicated by a Sole Arbitrator appointed by the Hon'ble Madras High Court. While the company's counter-claims of ₹23.51 crore were dismissed as outside the arbitration scope, Texmo Pipes is evaluating the award and considering legal recourse, believing it has a strong case. The company does not foresee any operational impact.
Key Highlights
- Arbitral award of ₹25.66 crore granted to Texmo Pipes against L&T.
- Award includes interest and costs; counter-claims dismissed.
- Company is analyzing the award and considering legal options.
- No immediate operational impact expected.
- Dispute arose from business transactions between the two companies.
Price Impact
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