Arbitration petition disposed; Sole Arbitrator appointed in IPO advisory dispute
GAUDIUMIVF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gaudium IVF told exchanges that the Bombay High Court disposed of a Commercial Arbitration Petition filed by Neomile Corporate Advisory against the company and its promoter/CMD Dr. Manika Khanna over alleged IPO advisory services. Former Kerala HC Chief Justice Nitin Jamdar was appointed as Sole Arbitrator. No financial impact at this stage. Court order was uploaded on April 4 evening; the company became aware on April 6 (next working day) and disclosed within 24 hours, explaining the delay.
Arbitration proceedings will now continue; no immediate financial hit, but litigation involving the promoter may weigh on investor sentiment.