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M/s Conarch Associates has initiated a claim against IRCON in an Arbitral Tribunal regarding the supply and stacking of machine crushed track ballast for the Nepal segment of the Jaynagar to Bardibas railway project. The claim amounts to approximately ₹158.89 crore, focusing on disputes including loss of profit, goodwill, retention money, and penalties from the GST Department. The financial implications for IRCON will depend on the tribunal's final decision. Investors should monitor this situation closely, as it may introduce potential risks related to ongoing litigation and financial exposure.