Order passed by Hon'ble High Court of Karnataka
As filed · Fino Payments Bank Limited has informed the Exchange about order passed by Hon'ble High Court of Karnataka
RegulatoryNotablemateriality 61 out of 100
What happened
FactOrder passed by Hon'ble High Court of Karnataka. removal of lien marked on Rs. 11.92 Crores.
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; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%