Inventure Growth & Securities Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.'.
INVENTURE · price
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The Bombay High Court has appointed a Sole Arbitrator to adjudicate disputes arising from a Share Sale Agreement dated 13 August 2014. Inventure Growth & Securities has contested its inclusion in the arbitration, arguing it is not a signatory to the arbitration agreement. The Court has ruled that the question of whether the Company is bound by the arbitration agreement will be decided by the Arbitral Tribunal itself. Importantly, no findings or adverse orders have been passed against the Company, and all legal rights and arguments of the parties remain fully preserved.
This disclosure indicates an ongoing legal matter but with no adverse findings so far. The Company's contestation of jurisdiction suggests it expects to exit the arbitration. However, until the Arbitral Tribunal rules on the jurisdictional issue, there remains some legal uncertainty for investors to monitor.