Ircon International Legal & Regulatory
IRCON International reported the conclusion of an arbitration process regarding a Rs.359.72 Crore claim. The company will challenge the resulting arbitration award in the Delhi High Court.
- Value
- ₹147.1 Cr
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IRCON International reported the conclusion of an arbitration process regarding a Rs.359.72 Crore claim. The company will challenge the resulting arbitration award in the Delhi High Court.
Ircon International provided an update on pending arbitration litigation with AFCON. The company intends to challenge the tribunal's award in the High Court of Delhi.
IRCON received fines of ₹9.66 lakh each from NSE and BSE (total ₹19.33 lakh) for board composition non-compliance. The company is seeking a waiver.
NSE and BSE fined IRCON ₹0.19 Crore for board composition non-compliance. The company clarified that director appointments are handled by the Ministry of Railways.