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

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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:

Court-Enforced Recovery: The court’s directive ensures the enforcement of a previous arbitration award dated October 24, 2019, enabling Ceigall India to recover ₹3.11 crore from PSIECL, thereby strengthening the company’s liquidity position.
Financial Impact: In regulatory filings with the BSE and NSE, Ceigall India emphasized that this recovery will have a positive effect on its financial health, providing a timely boost to its cash flow and operational flexibility.
Legal Milestone: This development follows a series of successful arbitration outcomes for Ceigall India, reflecting the company’s robust legal strategy and commitment to protecting its commercial interests.
Market Response: The enforcement of this award is expected to enhance investor confidence and support the company’s ongoing growth initiatives.

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)