GTL Limited has received significant legal relief as the Bombay High Court quashed the Central Bureau of Investigation (CBI) FIR filed against the company. The court's judgment dated February 27, 2026 marks a crucial development for the telecom infrastructure firm, which had been under investigation.

Court's Key Finding and Judgment Details

The Bombay High Court's ruling was based on a comprehensive assessment that found no offence warranting the continuation of the investigation against GTL Limited. The court allowed the Writ Petition filed by the company challenging the registration of CBI FIR bearing RC2192023E0003 dated January 21, 2023.

Regulatory Compliance and Disclosure

GTL Limited has made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and National Stock Exchange of India Ltd about the favorable court judgment through proper regulatory channels. The disclosure was made through reference GTL/SE/Reg30/2025-26/043 dated March 2, 2026.

Financial and Operational Impact

According to the company's regulatory filing, there are no expected financial implications arising from this court judgment. The quashing of the CBI FIR removes a significant legal overhang that had been affecting GTL Limited since January 2023.

Company's Commitment to Governance

The company has reaffirmed its commitment to the highest standards of governance and compliance. With the investigation discontinued, GTL Limited can now focus on its core business operations without the burden of ongoing criminal proceedings. The judicial determination effectively brings complete closure to the criminal proceedings that had been pending against the company.

GTL Infrastructure Limited has successfully resolved its dispute with Canara Bank, leading to the dismissal of a petition by the National Company Law Tribunal (NCLT) in Mumbai. This development marks a significant milestone for the infrastructure company in addressing its financial obligations.

Key Developments

• Petition Dismissal: The NCLT Mumbai has dismissed Canara Bank's petition against GTL Infrastructure as withdrawn.
• Settlement Terms: GTL Infrastructure settled all dues through a One Time Settlement (OTS) arrangement with Canara Bank.
• Dispute Resolution: The company has completed all payments and resolved all disputes with Canara Bank.
• NCLT Order: The order was passed on November 27, and uploaded on the NCLT website on December 9.

Financial Implications

According to the company's disclosure, there are no expected financial implications resulting from this resolution. GTL Infrastructure has stated that no further actions are required in this matter.

Regulatory Compliance

GTL Infrastructure has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has affirmed that the information provided is true, correct, and complete to the best of their knowledge and belief.

Company Response

The resolution of this dispute represents a positive step for GTL Infrastructure, potentially improving its financial standing and relationship with lenders. The company's proactive approach in settling the dues and resolving disputes demonstrates its commitment to addressing financial challenges.

This development may contribute to enhancing investor confidence in GTL Infrastructure's ability to manage its financial obligations effectively.