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 61 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. received a compensation from HP for an amount of Rs.60.80 crores during FY 1997-98. said receipts as capital gain liable to tax and consequently raised a demand of Rs. 14.90 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%