Manali Petrochemicals Wins Civil Suit Filed in 1995, Court Dismisses Claim
Manali Petrochemicals Limited won a civil suit filed in 1995 by Unimark Remedies Ltd. The suit claimed ₹10.82 crore plus interest. The Hon’ble City Civil Court, Mumbai, dismissed the suit in favor of Manali Petrochemicals on February 11, 2026.
The lawsuit was filed in 1995 and the claim amount, while material, is unlikely to have a significant impact on the company's current financial standing given the time elapsed. The dismissal is a positive resolution but not a major strategic development.
The company won a long-standing civil suit, which is a positive outcome and resolves a potential financial liability.
Manali Petrochemicals Limited (formerly U.B. Petroproducts Ltd.) has received a favorable order from the Hon’ble City Civil Court, Mumbai, in a civil suit filed by Unimark Remedies Ltd. The suit, filed in November 1995, sought a declaration that a Memorandum of Understanding (MOU) dated 17th May 1995 was subsisting and binding, along with specific performance and/or damages with interest, with the claim amounting to ₹10.82 crore plus further interest.
The Hon’ble City Civil Court, Mumbai, dismissed the suit in favor of Manali Petrochemicals Limited on 11th February 2026. The company will continue to inform the stock exchanges of any further material developments in this matter.
What to do with a filing like this
Manali Petrochemicals 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 low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Manali Petrochemicals Limited. Read the original for the full detail.