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NSE · Source: NSE
| Party | Matter | Amount | Status | Pages |
|---|---|---|---|---|
| Mphasis Limited and Prostarm Info Systems Limited | Mphasis alleged default under an equipment and support agreement and invoked arbitration; the Company made a counterclaim alleging Mphasis failed to provide services. | Mphasis demand Rs. 5,06,53,200; Company counterclaim Rs. 8,74,99,262.68 | Arbitration proceedings pending before Arbitrator Justice H.N. Nagamohan Das | 275, 276 |
| Jay Prakash Singh and Prostarm Info Systems Limited | Consumer complaint concerning loss from bursting of a battery supplied by the Company. | Order required replacement or Rs. 11,00,000 with 6% interest, Rs. 20,000 compensation and Rs. 10,000 litigation cost | Company appeal pending before the National Consumer Disputes Redressal Commission | 276 |
| Prostarm Info Systems Limited | Outstanding TDS defaults across multiple financial years and quarters | Rs. 1,12,260 | Outstanding direct tax proceedings | 276, 277 |
| Vision India Software Exports Limited and others |
| Company alleges default in payment for services and filed proceedings after a Rs. 3 crore cheque was dishonoured. |
| Claimed unpaid services of Rs. 3,55,02,037; dishonoured cheque Rs. 3,00,00,000 |
| Proceedings filed before JMFC, Vashi under Sections 138 and 141 of the Negotiable Instruments Act |
| 277 |
| Mr. Ram Agarwal | Income-tax demand where promoter states self-assessment tax was paid but the wrong assessment year was selected. | Rs. 2,55,875 | Still considered pending as no further communication had been received | 278 |
| Item | Amount | Pages |
|---|---|---|
| Claims against the Company not acknowledged as debt | Rs. 517.83 lakhs as at March 31, 2020 | 244 |
| Guarantees excluding financial guarantees | Rs. 803.68 lakhs as at March 31, 2020 | 244 |
| Other money for which the Company is contingently liable | Rs. 1.12 lakhs as at March 31, 2020 | 244 |
| Total contingent liabilities | Rs. 1,322.63 lakhs as at March 31, 2020 | 244 |