Mobikwik sues DAM Capital in Delhi High Court regarding a payment of approx. ₹40 crore related to IPO expenses
Mobikwik Files Arbitration Petition Against DAM Capital Advisors Over Alleged IPO Funds
In a significant financial dispute, digital payments platform Mobikwik has filed an arbitration petition against DAM Capital Advisors. The case, known as One Mobikwik v. Dam Capital Advisors & Ors., is currently being heard in the Delhi High Court under the Delhi High Court's Arbitration Act.
The dispute centres around ₹42 crore that DAM Capital Advisors is alleged to have failed to release for IPO-related expenses. Mobikwik claims that the funds were necessary for their Initial Public Offering (IPO) book-running lead manager, DAM Capital Advisors, to disburse.
The petition was filed over the alleged failure of DAM Capital Advisors to release ₹42 crore for IPO-related expenses. In response, the Delhi High Court has issued a notice to all parties involved. The case is now ongoing, with no latest updates available as of August 25, 2025.
Despite extensive searches, no recent details on legal or arbitration proceedings involving Mobikwik or the claimed ₹42 crore dispute have been found in publicly available search results. However, DAM Capital Advisors is mentioned in the context of IPO advisory and capital market activities. Other financial news and IPO listings are also found, but none relate directly to the arbitration case or Delhi High Court updates on this matter.
It might be necessary to check specialized legal databases, direct court records, or news outlets focused on corporate disputes for the most recent information on this issue. For now, the arbitration case between Mobikwik and DAM Capital Advisors remains ongoing, with the Delhi High Court yet to deliver a verdict on the matter.
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- The alleged failure of DAM Capital Advisors to release ₹42 crore for IPO-related expenses is a significant issue in the ongoing business dispute between Mobikwik and DAM Capital Advisors.
- This financial dispute, regarding ₹42 crore, stems from Mobikwik's claim that the funds were necessary for their Initial Public Offering (IPO) business activities, with DAM Capital Advisors as their lead manager.
