Announced Fri, 19 Jun · 13:55 IST
Arbitration initiated against Apollo Finvest over INR 6.03 crore claim
Regulatory & Legal View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹358.90
prior close
₹350.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-2.5-3.0-3.6-5.2-10.3-4.7-1.1-5.3——
Up moveDown movePending
AI summary
Psi Phi Global Solutions has begun arbitration against Apollo Finvest at the Bombay High Court over a Master Service Agreement from December 2022. The claimant is seeking about INR 6.03 crore. The company calls the claims baseless and plans to defend vigorously. Management believes the case will not have a material adverse financial impact.
Likely market impact
New legal dispute filed against the company. Management says no material financial impact expected. Watch for case progress and any adverse ruling.