Ceigall India Secures ₹31.8 Million Arbitration Award, Boosting Financial Strength

Ceigall India Ltd has received a favorable arbitration award amounting to ₹31.8 million (₹3.11 crore), marking a significant legal and financial win for the company. The Additional District Judge, Chandigarh, issued the order on April 9, 2025, with Ceigall India receiving the official court communication on April 11, 2025. The award stems from a dispute with Punjab Small Industries Export Corporation Limited (PSIECL), and the court has directed the attachment of PSIECL’s bank account to facilitate recovery of the awarded sum.

 

Key Highlights:

This arbitration victory underscores Ceigall India’s resilience in navigating legal disputes and reinforces its financial stability for future expansion.

 

Source: Groww, Business Standard, Ceigall India (BSE Filing)