PNC Settles Litigation for ₹2.55 Crore, Ending Prolonged Dispute
PNC has settled its litigation with Sanjay Gupta of White Feather Films for ₹2.55 crore. The settlement resolves a claim of ₹3.52 crore plus interest, with the net amount to be received within 60 days. This is expected to positively impact the company's financial position.
The settlement involves a significant monetary amount (₹2.55 crore) and resolves a prolonged legal dispute, which can have a noticeable effect on the company's financial standing.
The company has successfully settled a litigation, which is expected to have a positive financial impact.
Pritish Nandy Communications Limited (PNC) has announced the settlement of its litigation with Sanjay Gupta, Proprietor of White Feather Films. The Honorable High Court of Judicature at Bombay, vide an order dated April 21, 2026, uploaded on April 23, 2026, disposed of the Commercial Appeal (Lodging) No.9838 of 2026 in terms of the Consent Terms executed and filed by both parties.
As per the settlement, PNC will receive a lump sum net amount of ₹2.55 crore within 60 days against the original claim of ₹3.52 crore plus interest. This settlement brings finality to the prolonged litigation and is expected to have a positive impact on the financial position of the Company to the extent of the settled amount. There is no material adverse impact on its operations or other activities. The settlement terms were accepted by the Honorable High Court, bringing closure to the dispute.
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Pritish Nandy Communications 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 Pritish Nandy Communications Limited. Read the original for the full detail.