KIRI INDUSTRIES LTD. - Kiri'S Counterclaim On Dystar - SIC/7 : Court Of Appeal Judgement Updates On Court Case In Singapore In Compliance With Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Rediff Moneywiz

Hi Guest
Feedback

KIRI INDUSTRIES LTD. - Kiri'S Counterclaim On Dystar - SIC/7 : Court Of Appeal Judgement Updates On Court Case In Singapore In Compliance With Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Download	< Back
14 Apr 2023
We would like to inform that the Court of Appeal (the Supreme Court of Singapore) dismissed both the appeals, an appeal of the Company as well as an appeal of DyStar Global Holdings (Singapore) Pte. Limited ('DyStar') vide judgement dated April 14, 2023. The Company and DyStar had filed appeals against Singapore International Commercial Court ('SICC') judgement dated 24 September, 2021, dismissing Company's counterclaim of pertaining to whether the Company being treated as preferred supplier against DyStar in SIC/7-2020. Copy of the Court of Appeal judgement is attached herewith for your reference and record. We would like to clarify that this judgement of Court of Appeal is for completely a different case, and it has no relevance with the valuation judgement of USD 603.80 million for the Company's stake in DyStar announced on March 3, 2023 pertaining to SIC/4. You are requested to kindly note the above.
View all announcements for KIRI INDUSTRIES LTD.	Source: BSE India

ALL MONEYWIZ PAGES