Change in status of Litigation case
As filed · Aditya Birla Money Limited has informed the Exchange about the change in status of Litigation case.
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactAn appeal was filed by a client to set aside a favorable order for BIRLAMONEY from the Commercial Court in Kollam regarding disputes amounting to Rs. 7.29 Crore. The Supreme Court of India has directed the client to file the petition before the District Court of Kollam instead of the High Court of Kerala.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 4.3% of FY19 revenue
₹7.29 Cr stated in the filing against ₹168.05 Cr revenue (FY19, standalone)
Source: financial_facts · exchange_table
Watch next
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%