Loading…
NSE · Source: NSE
| Party | Matter | Amount | Status | Pages |
|---|---|---|---|---|
| Zhejiang Sanmei Chemical Industry Co. Ltd. and Stallion India Fluorochemicals Limited | Sanmei demanded payment under Section 8 of the Insolvency and Bankruptcy Code after a disputed refrigerant supply relationship. The Company states that Sanmei failed to supply contracted quantities and that a pre-existing dispute exists. | USD 12,51,290.00 without interest | As of the DRHP date, no proceedings under the Insolvency and Bankruptcy Code had been initiated by Sanmei after the notice, Company reply and rejoinder. | 285, 286 |
| Directorate General of Trade Remedies and Stallion India Fluorochemicals Private Limited | Case No. 6/33/2020-DGTR concerning anti-dumping investigation into imports of HFC Component R-32 from China PR | Unquantifiable | Disclosed as ongoing investigation. DGTR concluded material injury and anti-dumping duty was imposed; the Company states that it adjusted costing and disclosed the impact in Fiscal 2022 and Fiscal 2023 audited accounts. | 287 |
| Directorate General of Trade Remedies and Stallion India Fluorochemicals Private Limited | Case No. 6/34/2020-DGTR and Case No. AD 01-2912020 concerning anti-dumping investigation into HFC Blends imported from China PR | Unquantifiable |
| Disclosed as ongoing investigation. Anti-dumping duty was imposed following final findings; the Company states that costing was adjusted in Fiscal 2022 and Fiscal 2023 audited accounts. |
| 287, 288 |
| Shazad Sheriar Rustomji and Manisha Shazad Rustomji versus Nusli Neville Wadia and 16 others | Bombay High Court proceedings concerning condominium and conveyance matters relating to Serenity Heights | Unquantifiable | Listed for direction; the DRHP further states that the promoters decided to withdraw the cases and instructed their attorney to file an application for withdrawal. | 288, 289, 290 |
| Manisha Shazad Rustomji versus Poonam Bali Gidwani, deceased | Testamentary Petition for probate of will before the Bombay High Court | — | For dismissal under Rule 435 of the Bombay High Court Original Side Rules | 288, 289 |
| Kumar Chhabria versus Manisha Shazad Rustomji | Caveat objecting to the Testamentary Petition filed by Manisha Shazad Rustomji | Unquantifiable | Pre-Admission | 290 |
| Stallion India Fluorochemicals Limited and Income Tax Department | Two direct-tax proceedings, including a demand relating to disallowance of carried-forward business losses and other items | ₹57.33 lakhs aggregate | Outstanding; the Company disclosed an appeal relating to the principal ₹55.36 lakhs matter. | 291 |
| Promoter | Four direct-tax proceedings | ₹27.73 lakhs aggregate | Outstanding | 291, 292 |
| Rajagopal Neelacantan | Two direct-tax proceedings | ₹5.35 lakhs aggregate | Outstanding | 291, 292 |
| Item | Amount | Pages |
|---|---|---|
| Matters with Income Tax Authorities | ₹55.36 lakhs as at September 30, 2023 and March 31, 2023; nil for March 31, 2022 and March 31, 2021 | 234 |
| Outstanding Bank Guarantees | ₹4.43 lakhs / ₹0.66 lakhs / ₹3.32 lakhs / ₹1.21 lakhs as at September 30, 2023 / March 31, 2023 / March 31, 2022 / March 31, 2021 | 234 |
| Total contingent liabilities | ₹59.79 lakhs / ₹56.02 lakhs / ₹3.32 lakhs / ₹1.21 lakhs as at September 30, 2023 / March 31, 2023 / March 31, 2022 / March 31, 2021 | 234 |