Newgen Software Technologies has received an adverse Judgement from the Investment and Trade Court in Qatar. The court has ordered Newgen to pay approximately $1,370,000 USD plus QAR 200,000 in damages and court costs to a customer. The company is currently evaluating all available legal remedies, including a review petition/appeal, to defend its position.
Qatar Court Ruling
Newgen Software Technologies has been directed by the Investment and Trade Court in Qatar to pay a customer $1,370,000 USD (or its equivalent in Qatari Riyals) and an additional QAR 200,000 for damages, along with court costs. The judgement was issued on September 29, 2025.
Company’s Response
Newgen is evaluating its legal options to respond to the judgement. This includes potentially filing a review petition or an appeal with the appropriate court. The company is working to defend its position.
Alleged Deficiencies
The court order stems from alleged deficiencies and delays in project delivery. As a result, Newgen is now required to make payments to the customer.
Financial Impact
The financial implications consist of the amounts ordered by the court to be paid to the customer. While the company must pay these amounts, it is pursuing legal remedies. Newgen believes this will not have a material impact on the business or operations of the Company.
Source: BSE
