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Calcutta HC Orders Transfer of Rs. 1.38 Crores in Tower Infotech Dispute
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Calcutta High Courtcivil

Calcutta HC Orders Transfer of Rs. 1.38 Crores in Tower Infotech Dispute

July 12, 2026

In a significant procedural order, the Calcutta High Court has directed the transfer of Rs. 1.38 Crores to a one-man committee while the main Tower Infotech case awaits further hearing.

Calcutta HC Ruling on Tower Infotech Dispute

The Calcutta High Court has issued an order allowing the transfer of Rs. 1.38 Crores to a one-man committee in the context of the ongoing Tower Infotech case. This order reflects the court's approach to managing funds in complex financial disputes.

The court emphasized the importance of moving forward with the financial transaction in a timely manner. Further hearings related to the main dispute are scheduled for 30th July 2026, by which the court expects the fund transfer to be completed.

The judgment serves to ensure that funds are managed effectively during litigation, potentially protecting stakeholders while the court evaluates the broader legal issues at play.

Practitioners involved in financial litigation should take note of this ruling, particularly regarding interim measures and the handling of funds pending the resolution of disputes.

Citations

  • Tower Infotech Case (2026) Calcutta HC
Practice Areas:civil

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