Delhi High Court upholds setting aside of KEPL termination-payment award
As filed · Kalpataru Projects International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactThe Delhi High Court on 28 September 2026 upheld the 28 July 2026 order that partially set aside an arbitral award won by Kurukshetra Expressway Private Limited (KEPL), a joint venture of Kalpataru Projects International. The earlier order set aside the award for termination payment and related interest while upholding awards on all other claims; KEPL says it plans to take legal steps, including filing an appropriate petition.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnFor FY26, we are targeting consolidated revenue growth of 20%, supported by our impressive order book and strong business visibility.
Our strong order intake, diversified order book and robust execution places us favourably to deliver on our growth targets in the coming quarters.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- For FY26, we are targeting consolidated revenue growth of 20%, supported by our impressive order book and stro (management committed by FY26)
- we remain confident in the T&D business’s ability to sustain and accelerate its growth trajectory in FY26. (management committed by FY26)
Evidence
- Kalpataru Projects International Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · Q3 FY26
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The upheld court order leaves KEPL's termination-payment and related interest claim set aside, potentially delaying or reducing recovery from the arbitration award. The filing does not state the monetary value of the affected claim.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%