Updates under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding Court Case
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Awaiting price reaction for this filing.
A client named Dr. Karikkassery Thomas Joseph Rajan had filed a civil suit against Tatia Global Vennture in 2024 seeking payment of Rs. 1,15,23,008 along with 18% per annum interest and suit costs. The plaintiff has now sought and received permission from the High Court to withdraw the suit. The court passed an order on June 26, 2025, dismissing the case as withdrawn. The company received the certified copy of the order on July 29, 2025.
This is a positive development for the company and its shareholders, as the potential liability of Rs. 1.15 crore plus interest has been removed without any adverse order against the company. The stock is unlikely to see any negative reaction from this development.