VARINDIA IT MAGAZINE

Fourth Dimension Solutions, a Delhi based IT solutions and turnkey service firm has approached the National Company Law Tribunal (NCLT) asking to initiate insolvency process against Ricoh India, the Japanese firm's Indian arm. Fourth Dimension Solutions (FDS) has filed the petition before the Mumbai Bench of NCLT under the Insolvency and Bankruptcy Code, 2016 citing non payment of dues of more than Rs 428 crore. While Ricoh India is listed in BSE, Fourth Dimension is listed in NSE. Both the firms have informed their respective bourses about the development.  "Fourth Dimension Solutions Limited (FDS) has filed a petition against Ricoh India Limited before the Hon'ble National Company Law Tribunal, Mumbai regarding the alleged non-payment of a disputed debit note which FDS unilaterally raised as alleged damages for a contract termination," Ricoh said this in a BSE filing.  "We do not agree with the claims made by FDS and are pursuing the matter through ...

Fourth Dimension Solutions (FDS) has partnered with Dassault Systèmes to provide System Integration (SI) services for the latter’s portfolio of applications and industry solution experiences based on the 3DEXPERIENCE platform in the Indian Subcontinent market. The agreement covers both SI services and product/licence sale as FDS plans to increase its revenue from implementation services.  Amalendu Mukherjee, Managing Director, FDS Ltd, said, “This is a significant landmark for FDS both locally and globally as our presence and capabilities in an evolving DPMS industry will be enhanced by the 3DEXPERIENCE platform from Dassault Systèmes. FDS’ holistic approach offers organizations with future-ready solutions that provide competitive advantage and market differentiation.” Read More