HCL Infosystems awarded Rs 102 crore in arbitration case against UIDAI

HCL Infosystems Limited received Rs 102.81 crore, plus 10% annual interest, in an arbitration against the UIDAI. The relief pertains to dues for its extended role as a managed services provider from August 2019 to August 2021, following a unilater...

Agencies
HCL Infosystems was awarded Rs. 102.81 crore in an arbitration proceeding against the Unique Identification Authority of India (UIDAI), along with interest at 10% per annum till recovery, the company said in a regulatory filing on Sunday.

The company had initiated proceedings against UIDAI to recover its dues as the managed services provider between August 7, 2019, and August 6, 2021. The contract to manage the Central Identities Data Repository (CIDR), which began in 2012, had initially been scheduled to end on August 6, 2019. Counter claims worth Rs. 72.71 crore filed by UIDAI against the company have been disallowed.

The contract was unilaterally extended by UIDAI, according to the company's annual report, after which both parties agreed to consent terms in May 2020.


Both HCL Infosystems and UIDAI retain the right to file their respective objections against the award, if any, before the appropriate court of law.
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