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CyberTech Systems and Software announces settlement of litigation

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Capital Market

To receive US $ 968,000

CyberTech Systems and Software has announced that the litigation between the Company and JV partners of CyberTech Middle East W.L.L., a Company registered in Bahrain has been settled by way of Consent Award passed by the arbitrator appointed by London Court of International Arbitration in court case no 122214. Vide said Consent Award, the Company has, inter alia, received from the JV Partners a sum of US $ 968,000.

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First Published: May 20 2014 | 9:33 AM IST

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