Announced Tue, 30 Jun · 20:18 IST
TVS SCS initiates arbitration against Tera Software to recover 3.69 crore
Regulatory & Legal View source PDF
TVSSCS · 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
+2.1%1-day move
₹134.48
prior close
₹136.00
base price
After-mkt
timing
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-1.0-1.4—-0.8+2.1+1.5+2.6+3.4+0.4+5.1-0.3———
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AI summary
TVS Supply Chain Solutions has invoked arbitration against Tera Software Limited to recover outstanding dues of about 3.69 crore. The dispute relates to a Service Agreement dated June 19, 2019, where Tera Soft allegedly failed to pay despite TVS SCS completing its contractual obligations. TVS SCS will approach the Telangana High Court under Section 11 of the Arbitration and Conciliation Act to appoint a Sole Arbitrator.
Likely market impact
Small one-time recovery attempt of 3.69 crore; limited material impact on overall business or financials.