Godfrey Phillips India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
GODFRYPHLP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Godfrey Phillips India Limited has disclosed that a legal suit filed against the company by Twenty-Four Seven Retail Stores Private Limited and Mr. Samir Kumaar Modi before the Hon'ble High Court of Delhi has been unconditionally withdrawn by the plaintiffs. The withdrawal was recorded in a court order dated 8th April 2026 under Order XXIII Rule 1(1) of the Code of Civil Procedure, 1908. The company was notified of this development by its lawyers on the same day. This effectively ends the litigation that was originally disclosed in December 2024.
The unconditional withdrawal of the lawsuit is a positive development for the company, removing legal uncertainty and potential financial liability. Shareholders can view this as a favorable outcome since the litigation has been resolved without any adverse findings against the company.