Timken India resolves consumer dispute without cost or penalty

Timken India Limited announced on December 17, 2025, that an appeal filed against an order from the District Consumer Disputes Redressal Commission, Shimla, has been settled. The dispute involved Mr. Ravi Shankar Sood and Timken India Limited, alongside CB Management Services Private Limited, regarding the transmission of shares. The shares were originally held by Mr. D N Sood, father of Mr. Ravi Shankar Sood, who passed away in 2013. The contention arose from Mr. Sood’s application for share transmission in 2020-21, with the Registrar and Transfer Agent (RTA) claiming non-receipt of requisite documents, while Mr. Sood asserted submission.

The District Commission had previously ordered the RTA/Company to effect the transmission within 60 days, pay INR 15,000 as compensation, and INR 10,000 as litigation costs to Mr. Sood. However, an appeal was filed by Timken India and the RTA against this order before the State Commission.

During the appeal, all parties reached a settlement, resulting in the appeal being disposed of with mutual consent, incurring no costs or penalties for Timken India. Consequently, the company and RTA are no longer required to pay the INR 15,000 compensation and INR 10,000 litigation costs initially awarded by the District Commission. An e-copy of the order was received on December 16, 2025.