Gaudium IVF and Women Health Ltd Faces Arbitration Proceeding
Gaudium IVF and Women Health Ltd. has been named in an arbitration proceeding filed by Neomile Corporate Advisory Limited before the High Court of Judicature at Bombay. The arbitration pertains to an arrangement related to alleged advisory services provided in connection with the company’s Initial Public Offering (IPO).Neomile Corporate Advisory Limited is seeking interim measures of protection for a claimed amount of Rs. 29,20,50,000 (inclusive of GST).
Gaudium IVF and Women Health Ltd. maintains that the petition filed by Neomile Corporate Advisory Limited is unsubstantiated and based on factual inaccuracies. The company states it is taking steps to protect its interests.
The table below summarizes the details of the arbitration:
| Particulars | Description |
|---|---|
| Opposing Party | Neomile Corporate Advisory Limited |
| Court/Tribunal/Agency | High Court of Judicature at Bombay Ordinary Original Civil Jurisdiction Commercial Arbitration |
| Details of Dispute | Neomile Corporate Advisory Limited claims Rs. 29,20,50,000 (inclusive of GST) is due for advisory services related to the company’s IPO, and has filed a Commercial Arbitration Petition under Section 9 of the Arbitration & Conciliation Act, 1996. |
| Financial Implications | The company considers the petition frivolous and states it is taking necessary steps to safeguard its interests. |
| Quantum of Claims | Rs. 29,20,50,000 (inclusive of GST) |
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