D.B.Corp Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
05-02-2025 | 05:10 pm
05-02-2025 | 05:10 pm
D. B. Corp Limited has received an advance service intimation regarding a petition filed by Go Paper GmbH & Co. KG for initiation of a corporate insolvency resolution process. The claim pertains to undelivered goods worth approximately ₹15.7 crore, stemming from a pre-existing trade dispute over a failed delivery after a fire incident in 2022. D. B. Corp asserts that it is not liable for the payment due to the lack of delivery and intends to contest the claim. This situation introduces potential risk for investors as it may affect the company's financial stability and operations, but the outcome remains uncertain at this stage.
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