There was a filing to BSE with regards to dispute between the Company and WJT with respect to alleged claims brought by WJT.
There is a case in the Dubai court by WJT and now WJT has increased the claim amount from 223 Cr Rs to 460 Cr Rs from the company.
Looks like Company had a joint venture in Oman with WJT as Blue Star Oman Electro Mechanical Company. The details are mentioned in the below link:
Not able to know the full details of the reason. Can someone throw more light into this?
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