ANANDRATHI: HON'BLE HIGH COURT QUASHES ARBITRAL AWARD

• The Hon'ble High Court of Judicature at Bombay has quashed and set aside an arbitral award dated January 6, 2022. • The award directed payment of ₹4.93 Cr plus interest for castor seed contracts in Sep-Oct 2019. • The High Court deemed the award contrary to Indian Law and unsustainable. • The judgment imposes no monetary liability on the company. Impact: Neutral (Judgment quashes award, no financial impact, company evaluating further steps)

Anand Rathi Share And Stock Brokers Ltd

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