Aditya Infotech faces USD 5M arbitration at ICC over contract dispute
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Avathon Inc. (Austin, Texas) and SparkCognition India have filed a Request for Arbitration dated 28 May 2026 with the International Chamber of Commerce (ICC) in New York against Aditya Infotech Limited. The dispute relates to an alleged breach of a product purchase and resale agreement. Claimants seek USD 5 million (about INR 47.5 crore) plus 18 percent interest. Management says the matter will not have a material financial impact.
Cross-border contract dispute with USD 5M claim; management says no material impact, but investors should watch case progress.