HCL Infosystems LimitedHCL-INSYSNSE
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · HCL Infosystems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 64 out of 100
What happened
FactHCL Infosystems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. The monetary relief awarded in favour of the Company as per the arbitral award is about INR 102.81 Crore,. The Counter Claims worth INR 72.71 Crore filed by UIDAI against the Company have also been disallowed.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%