Aditya Infotech Legal & Regulatory
Aditya Infotech says ICC arbitration brought by Avathon and SparkCognition was withdrawn after mutual discussions. The company states no material adverse impact on its operations or finances.
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Aditya Infotech says ICC arbitration brought by Avathon and SparkCognition was withdrawn after mutual discussions. The company states no material adverse impact on its operations or finances.
Aditya Infotech Ltd. announced that the ITAT, Delhi ruled in its favor, deleting tax additions of ₹40.38 Crore for the assessment year 2019-20.
CPPLUS faces a USD 5M ICC arbitration claim from Avathon/SparkCognition over alleged contract breach. Management assesses no material financial impact despite the 47.5 Crore claim.
Aditya Infotech faces arbitration from Avathon and SparkCognition over a product resale contract. The claim of USD 5M (₹4.75 Cr) is not expected to materially impact the company.
Aditya Infotech received a SEBI administrative warning for PIT Regulation compliance lapses. Management confirms no material impact on the company's financials or operations.