Disclosure regarding Order passed by Hon''ble Bombay High Court
MCX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Bombay High Court pronounced an order on September 29, 2025 (uploaded September 30) dismissing a commercial recovery suit (Suit No. 87 of 2015) filed by MCX in 2014 against an erstwhile vendor. The court imposed a cost of Rs. 20 lakhs on MCX, payable to the defendants, along with incidental expenses. MCX states the financial impact is limited to Rs. 20 lakhs and is reviewing the order to decide on further action. There was no regulatory violation alleged against the company in this matter.
Minor financial hit of Rs. 20 lakhs plus incidental expenses; no material impact on operations or financials. The loss of a long-pending recovery claim is a small negative for shareholders but unlikely to move the stock price meaningfully.