KRBL Limited has disclosed that Reliable Trading Company has initiated execution proceedings before the Hon’ble High Court of Delhi, seeking to enforce an arbitral award dated February 26, 2026. The Court has issued a notice, requiring KRBL to file its reply and an affidavit of assets. KRBL has also filed proceedings seeking a stay on these execution proceedings. The next hearing is scheduled for February 12, 2027.
Legal Proceedings Update
In a recent disclosure, KRBL Limited has provided an update on ongoing legal proceedings concerning Reliable Trading Company. This follows an earlier disclosure made on February 27, 2026. The company has been served notice by the Hon’ble High Court of Delhi regarding execution proceedings initiated by Reliable Trading Company (formerly Al Quraishi Marketing Co. Limited) to enforce an arbitral award.
Court Directives and Company Response
The Hon’ble High Court of Delhi, through an order dated November 5, 2026, has directed KRBL Limited to file its reply and an affidavit detailing its assets, including bank account information from 2025 onwards. In response, KRBL has filed its own proceedings before the High Court seeking a stay on the execution proceedings, which are currently pending adjudication.
Future Outlook and Next Steps
The matter is next scheduled to be heard on February 12, 2027. The company has stated that the potential financial implications remain consistent with the amount of the arbitral award, along with applicable interest, as previously disclosed on February 27, 2026. KRBL Limited has committed to keeping the stock exchanges informed of any material developments in this case.
Source: BSE
