Coral Laboratories Faces Legal Notice Regarding Alleged Non-Receipt of Payments
Coral Laboratories Ltd. has been notified regarding a dispute concerning alleged non-receipt of payments. The company received a notice on April 27, 2026, from the Micro and Small Enterprises Facilitation Council (MSEFC), Surat, under Section 18 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).The legal dispute involves contractual matters related to project execution, including scope, billing, and related issues. In this case, the petitioner is identified as M/s Power Cool Service, while Coral Laboratories Limited is the respondent. The reference number assigned to the case is ED-2026-0016057 OF2026.
The MSEFC notice alleges that the company has failed to make payments, citing various contractual claims. The petitioner has claimed a total amount of approximately ₹ 204,853.20/- (including principal and interest).
The financial and operational details of the matter are summarized below:
| Detail | Information |
|---|---|
| Authority | Micro and Small Enterprises Facilitation Council (MSEFC), Surat |
| Date of Notice | April 27, 2026 |
| Alleged Violation | Non-receipt of payments and contractual claims |
| Petitioner | M/s Power Cool Service |
| Claimed Amount | Approximately ₹ 204,853.20/- (including principal and interest) |
Coral Laboratories Limited stated that it is currently reviewing the matter and is evaluating the financial impact, noting that the full financial impact cannot be ascertained at this stage. The company confirmed its position, stating that it believes the claims are not tenable and intends to contest the same. Management has indicated that appropriate legal steps will be taken in the ongoing review process.
Stock Price Movement
At 11:49, Coral Laboratories Ltd is ticking up, currently trading at ₹429.00, gaining 0.48% today. Shares have fluctuated throughout the day, moving within a range that stretched from a low of ₹415.15 up to ₹434.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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