Vishnu Prakash R Punglia Receives Court Judgement on Jaipur Project

Vishnu Prakash R Punglia Ltd has received a full judgment from the High Court of Judicature for Rajasthan, Jodhpur, concerning the Jaipur Sawai Madhopur Project. This follows an earlier termination notice from North Western Railway. The court has directed the company to pursue an alternative remedy before a competent forum and has maintained the status quo for 45 days from the judgment's pronouncement. As the Performance Guarantee and Security Deposit have already been encashed, there are no immediate further financial implications. The company intends to file a petition before the competent forum as advised by the court.