Parties Involved
- Plaintiff: Artech International Private Limited (formerly distributor of the company)
- Defendant: Timken India Limited
- Forum: High Court of Calcutta
Background of the Dispute
Artech International Private Limited was appointed as a distributor of Timken India Limited through the execution of Distributor Agreement(s). The company terminated these Distributor Agreement(s) effective 7 July, 2026 via a termination notice dated 8 May, 2026, providing 60 days' notice as required.
Legal Proceedings
Artech International Private Limited has filed a civil suit before the High Court of Calcutta challenging the termination notice dated 8 May, 2026. Alternatively, the plaintiff has claimed damages amounting to approximately ₹107.86 crore.
The matter was heard on 29 May, 2026 by the vacation bench of the High Court of Calcutta. Timken India Limited has raised a preliminary objection regarding the maintainability of the civil suit.
Financial Impact Assessment
The company explicitly states that at this stage, it does not expect any financial implications from this legal proceeding.