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US client sends Rs 92 crore-plus notice to Indian IT company. But why?

Coforge received a notice from a North American client claiming an indemnity of over $11 million due to an alleged data breach. The Indian IT company stated in an exchange filing that it is currently in discussions with offshore counsel and plans to refuse the client’s demands for arbitration claim resolutions, asserting these claims are not reasonably subject to indemnification.

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