Announced Fri, 10 Apr · 14:43 IST
Court acquits accused in cheque bounce case; ₹6.54 lakh financial loss
CROMPTON · 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
+0.0%1-day move
₹238.00
prior close
₹241.48
base price
In-mkt
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AI summary
A Chennai Metropolitan Magistrate Court acquitted all accused in a Section 138 Negotiable Instruments Act case filed by Crompton Greaves against Variety Agency and two partners. The case involved a cheque of ₹6,54,276 dated 29.01.2025. The acquittal results in a financial loss of ₹6,54,276 for the company. The company stated there is no material impact on its financials, operations, or other activities.
Likely market impact
Minor loss of ₹6.54 lakh with no material impact on operations or financials; negligible effect on shareholders.