Details of Litigation
Opposing Party: M/s. Edutest Solutions Private Limited
Forum where Litigation is Filed: High Court of Delhi
Brief Details of Dispute:
- The dispute arises from a transport agreement between TCI Express Limited and Edutest Solutions Pvt. Ltd.
- TCI Express states it duly transported and delivered consignments as per the agreement and submitted corresponding Proofs of Delivery (PODs) as evidence of service completion.
- For these services, the Company raised freight bills aggregating approximately ₹2 crore, which remain unpaid despite repeated demands for payment.
- Instead of settling its dues, Edutest has instituted a suit seeking an exorbitant claim of ₹62,00,55,029 (₹62.00 crore) towards alleged losses and damages.
- TCI Express considers this claim wholly baseless, untenable, and beyond the scope of the transportation services it undertook.
- The Company disputes the allegations and the entire claim, intending to vigorously contest the proceedings based on contractual provisions, documentary evidence, and other material records.
Expected Financial Implications
- The Company states it intends to contest the matter and, based on available facts and evidence, believes it has substantial grounds to defend its position and is hopeful of a favourable outcome.
- Based on its internal assessment, the Company does not anticipate any material financial impact at this stage.
Company's Stance and Action
TCI Express believes it has a strong case on merits and shall take all appropriate steps to protect and safeguard its interests.