CMC win court case in Kuwait

Against Kuwait Stock Exchange

CMC has announced that it has won a legal case against Kuwait Stock Exchange (KSE). KSE had terminated the contract with CMC in September 2006, against which CMC filed a legal case in the courts of Kuwait.

The Cassation Court of Kuwait, which is the highest judicial authority in Kuwait, delivered the judgment in favor of CMC and has ordered KSE to pay CMC a sum of KD 2.17 million (equivalent to approximately Rs 46.37 crore at current exchange rate) along with interest @ 7% per annum from the original date of order from the lower Court.

 

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