Dipika Pallikal wins brand endorsement fee row
An Arbitral Tribunal at the Madras High Court Arbitration Centre passed an award in favour of Squash Champion Dipika Pallikal Karthik.
By : migrator
Update: 2017-03-30 18:36 GMT
Chennai
Dipika had moved the Madras High Court in 2015 under Section 11 of the Arbitration and Conciliation Act for the appointment of an Arbitrator over a payment dispute, arising out of a Brand Endorsement Agreement with Borg Energy India Pvt. Ltd.
The Chief Justice appointed Retd District Judge V Subramanian as the Sole Arbitrator. Arbitration was conducted at the Madras High Court Arbitration Centre. The dispute pertained to the non-payment of the third year’s brand endorsement fee of Rs 10 lakh for the year 2015-16.
Dipika had filed 5 claims, the endorsement fee for sporting the company logo in her apparel, non-remittance of income tax deducted at source, service tax, compensation for mental agony and legal costs.
The Sole Arbitrator accepted all the claims and awarded a sum of Rs 19.48 lakh plus interest of 12% till the date of payment. The company has been given 3 months to make the payment.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android