Honasa, the Parent Company of Mamearth, Has Been Ordered to Pay an INR 57 Crore Fine to Its UAE Distributor
Honasa was ordered by a UAE court to compensate a former distributor for unlawful contract termination, totaling INR 56.6 Cr.
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RSM General Trading was Honasa’s distributor in the Middle East and Africa markets from July 30, 2020 to January 17, 2023.
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Honasa has been ordered by the UAE’s Court of Full Commercial Jurisdiction (Court of First Instance) in Dubai to pay compensation to RSM General Trading.
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Honasa, on the other hand, claims that the court’s verdict is without merit and hence irrelevant to its operations.
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A few months before Honasa went public in India, the company cut its connections with the distributor.
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It was trying to increase its presence in the UAE at the time through strategic acquisitions or organic growth.
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