Announced Thu, 27 Aug, 2026 · 18:02 IST
Acquittal order from Lok Adalat in criminal case
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Cargosol Logistics and its directors got an acquittal order dated Aug 7, 2026 from the Metropolitan Legal Services Authority Lok Adalat in Hyderabad. The case involved IPC Sections 406 and 420 (criminal breach of trust and cheating). The parties reached an amicable settlement and the complainant compounded the offences. Company says there is no material financial or operational impact.
Likely market impact
Positive outcome. Acquittal via settlement removes the criminal case overhang. No material financial impact stated.