Ind-Swift Laboratories Limited has informed the Exchange about Receipt of Arbitration Award
INDSWFTLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Arbitral Tribunal constituted by Mumbai Centre for International Arbitration (MCIA) has passed its final award on 7th April, 2026 in the arbitration matter between PI Industries Limited (Claimant) and Ind-Swift Laboratories Limited (Respondent). The Tribunal rejected all claims made by PI Industries Limited as well as all counterclaims made by Ind-Swift Laboratories Limited and other respondents. The arbitration proceedings have now concluded with NIL financial impact on the Company. No claims or counterclaims were successful in this dispute.
Neutral outcome for shareholders as the arbitration has concluded with zero financial impact. While the main claims against Ind-Swift were dismissed, the company's own counterclaims were also rejected, resulting in no recovery or liability.