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BSE SENSEX
73,852.94
+114.49
+0.16 %
Corporate Announcement
Security Code
519307
Company
Vikas WSP Ltd
Exchange Received Time
19/03/2019 20:23:13
Exchange Disseminated Time
19/03/2019 20:23:21
Time Taken
00:00:08
Corporate Announcement For US Court Litigation To Obtain A Sum Of US$ 40.00 Million (Approximately Rs. 276 Crore) -Southern Dist. Court Houston Judge Issued Order To Report The Parties Jointly The Status Of The Case On 12Th April, 2019 And Next Step To Advance The Litigation And Court Conference On 15Th April, 2019 |
3/19/2019 8:23:14 PM
This refers to the captioned subject and we want to inform the Exchange as under: -
1.That a litigation was pending for the claim of USD. 40 Million since August 2015 in the Southern District Court, Houston (USA). All evidences have since been completed on the 18th March, 2019, Southern District Court ordered to report the status by the parties on 12th April, 2019 and courts review conference is set for 15th April 2019 for USD. 40 Million claim.
2.Once these USD. 40 Million is obtained, your company will start all its units including the newer guar gum products including that of guar proteins- a vegetal protein for oral use. Please see next announcement in the weeks ahead.
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