Khadim India: High Court Upholds Arbitral Award in Company's Favor
The High Court of Punjab and Haryana upheld the Arbitral Award in favor of Khadim India on May 5, 2026, as communicated on May 12, 2026. The award, originally passed on June 27, 2022, concerns a dispute with Samagra Shiksha Abhiyan Authority (SSAA), Punjab, over withheld receivables and a forfeited Performance Bank Guarantee related to a school shoe and uniform supply tender.
The resolution of the litigation is likely to have a moderately positive impact on the company's financial position and investor confidence.
The announcement indicates a favorable outcome for the company in a legal matter, as the High Court upheld the Arbitral Award in its favor.
Khadim India Limited announced that the Hon’ble High Court of Punjab and Haryana, Chandigarh, has confirmed the Arbitral Award passed on June 27, 2022, in favor of the company. The order, dated May 5, 2026, was received by Khadim India on May 12, 2026. This decision rejects the order dated August 16, 2023, passed by the Learned District Court at Mohali, which had favored Samagra Shiksha Abhiyan Authority (SSAA), Punjab, also known as the Director General School Education -cum-State Project Director (DG -School), referred to as “the Tenderer.” This legal matter concerns the withholding of receivables by Khadim India and the forfeiture of a Performance Bank Guarantee by SSAA, Punjab, related to a tender for the supply of school shoes and uniforms. The announcement is a continuation of disclosures dated August 11, 2023, and October 31, 2023, regarding the same issue.
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Khadim India Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Khadim India Limited. Read the original for the full detail.