ALPHA TRIBE

Precot LimitedOthers, 15-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

15-02-2025 | 02:31 pm

Precot Limited has filed a writ petition with the Supreme Court of India, seeking the appointment of a sole arbitrator for international commercial arbitration in New Delhi. This case involves disputes arising from a Power Consumption Agreement with Vishnupriya Farms Private Ltd and others, following the cancellation of related agreements. The financial implications related to compensation or penalties will be determined after the arbitrator is appointed. This situation introduces potential risks for investors, contingent on the arbitration outcomes, impacting the company's operational and financial landscape.

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