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Provisions
 12 Months Ended
Mar. 31, 2022
Provisions [Abstract]  
Provisions

32)

PROVISIONS

 

 

 

 

As at March 31

 

Particulars

 

2021

 

 

2022

 

Provision for litigations

 

 

30,800

 

 

 

—

 

 

 

 

30,800

 

 

 

—

 

Movement of provision

 

 

 

 

 

 

 

 

Opening Balance

 

 

30,800

 

 

 

30,800

 

Provided during the year

 

 

—

 

 

 

8,404

 

Reversed during the year*

 

 

—

 

 

 

(3,704

)

Utilized during the year*

 

 

—

 

 

 

(35,500

)

Closing Balance

 

 

30,800

 

 

 

—

 

 

*The Company had provided for certain arbitral awards amounting to USD 39,204 while continuing to seek legal recourse in its dispute with former shareholders of Hotel Travel Group (HT). On February 15, 2022, the Company and former shareholders of HT have entered into a full and final settlement of all outstanding disputes including withdrawal of all proceedings for a settlement amount of USD 35,500 to be paid to the former shareholders of HT over a period of 18 months ending on September 1, 2023. The excess provision of USD 3,704 has been reversed and the unpaid settlement amount has been reclassified as a financial liability.