The Indian Hotels Company Limited (IHCL) has reached a settlement in the legal case pertaining to Ms. Simi Kumar Chawla. The settlement includes a payment from the plaintiff covering part of the company’s claims. Both parties have withdrawn their respective claims and agreed to withdraw any other pending cases. The settlement resolves an ongoing dispute with no material financial impact.
Legal Dispute Resolved
Indian Hotels Company Limited (IHCL) has announced that it has reached a settlement in the legal matter involving Ms. Simi Kumar Chawla. This update follows the company’s earlier communication on August 14, 2023, regarding the case.
Settlement Terms
The terms of the settlement involve a full and final resolution of all claims, disputes, and demands. Ms. Chawla has made a payment towards a portion of the company’s claim. Both IHCL and Ms. Chawla have withdrawn all their claims against each other. They have also committed to withdrawing any other pending litigation between them. This resolution is expected to close the ongoing dispute without any significant financial implications for the company.
Source: BSE
