Shalby Limited Successfully Resolves Arbitration Disputes with Dr. Viral Shah and Dr. Praveen Saxena
Shalby Limited has reported that arbitration proceedings in two separate matters have been formally disposed of, following a settlement filed by all parties involved. The cases concern disputes involving the company against Dr. Viral Shah and Dr. Praveen Saxena.The resolution was finalized vide an Order dated June 26, 2026, issued by the learned Sole Arbitrator for both matters. The disposal resulted from the joint withdrawal or settlement agreement filed by the respective parties in each case.
The following details provide a breakdown of the disposed arbitration cases:
Arbitration Case Details
| Particulars | Shalby Limited Vs Dr. Viral Shah | Shalby Limited Vs Dr. Praveen Saxena |
|---|---|---|
| Authority Name | Learned Sole Arbitrator (Hon'ble Justice M. S. Parikh (Retd.)), Ahmedabad | Learned Sole Arbitrator (Hon'ble Justice M. S. Parikh (Retd.)), Ahmedabad |
| Nature of Action/Order | Arbitration proceedings disposed of pursuant to a joint withdrawal/settlement filed by both parties. | Arbitration proceedings disposed of pursuant to a joint withdrawal/settlement filed by both parties. |
| Date of Receipt of Order | June 26, 2026 at 6:00 p.m. (IST) | June 26, 2026 at 6:00 p.m. (IST) |
| Violation Details | Not applicable. The arbitration proceedings have been disposed of. | Not applicable. The arbitration proceedings have been disposed of. |
| Financial Impact | Nil. The matter stands fully settled and disposed of. | Nil. The matter stands fully settled and disposed of. |
SHALBY Stock Price Movement
Shalby Limited shares settled lower on Thursday, slipping 0.04% and closing at ₹172.15. The stock traded a total of 82,293 shares during the day.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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