Legal10 Dec 2025, 04:36 pm
Tree House Education Resolves Dispute with Vidya Bharti Samiti, Incurs Bad Debts of INR 80.97 Lakhs
AI Summary
Tree House Education & Accessories Ltd. has resolved a dispute with Vidya Bharti Samiti through a consent terms agreement. The Respondent has paid INR 11 Lakhs towards invoices raised by the Company. However, the Company has incurred bad debts of INR 80.97 Lakhs due to the settlement. This decision was made in accordance with the Company's Policy on Determination of Materiality for Disclosure of Events or Information, and the SEBI Amendments.
Key Highlights
- Tree House Education & Accessories Ltd. has resolved a dispute with Vidya Bharti Samiti.
- The Respondent has paid INR 11 Lakhs towards invoices raised by the Company.
- The Company has incurred bad debts of INR 80.97 Lakhs due to the settlement.
- This decision was made in accordance with the Company's Policy on Determination of Materiality for Disclosure of Events or Information.
- The dispute was resolved through a consent terms agreement.
Price Impact
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