Legal30 May 2026, 12:31 pm
Timken India Faces ₹107.86 Cr Damages Claim in Civil Suit
AI Summary
Timken India Ltd is facing a civil suit filed by Artech International Private Limited before the High Court of Calcutta. The suit challenges the termination of a distributor agreement, effective July 7, 2026, and claims damages of approximately ₹107.86 crore. The company has contested the maintainability of the suit and does not anticipate any immediate financial implications.
Key Highlights
- Artech International challenges distributor agreement termination.
- Claim seeks damages of approximately ₹107.86 crore.
- Timken India contests the maintainability of the civil suit.
- Company does not expect immediate financial implications.
Price Impact
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