Shopper's Stop Limited - Securities and Exchange Board of India

into arrangement and settlement at its cost, charges and expenses in respect of the
litigation concerning the said land.
Shantidevi Kumbhar has filed an appeal before the High Court against the Decree
passed by the City civil court in suit No. 4605 of 1992 in favour the plaintiff N.N. Wadia.
The said suit was filed by the plaintiff for a declaration that the defendant has no right,
title, interest or claim in respect of portion of the land admeasuring 67 sq meters being
part of the land bearing CTS no 1406/18 of the village Malad. The court passed a decree
in favour of the plaintiff.
The appeal is filed in the High Court and is pending for hearing .
Before Addl. Commissioner, Konkan Division, Mumbai
Appeal No.52 of 2004
Ganpat Panglya Tabali
V/s
Evora Builders & Developers & N.N.Wadia & Ors.
N. N. Wadia as the sole Administrator of the Estate and Effects of the Late F.E. Dinshaw
, the owner of the Land has entered into a Development Agreement with Ivory Properties
and Hotels Pvt Ltd. for development of his land. Ivory Properties and Hotels Pvt Ltd is a
promoter company. In terms of the Development Agreement executed between N. N.
Wadia as the sole Administrator of the Estate of Late F.E. Dinshaw, the Defendant in the
aforesaid suit and Ivory Properties and Hotels Pvt. Ltd., . Ivory Properties and Hotels Pvt.
Ltd. has been given the responsibility and is entitled to look after the litigation and enter
into arrangement and settlement at its cost, charges and expenses in respect of the
litigation concerning the said land.
In the High Court Suit No.1348 of 1995 between Ganpat Panglya Tabali & Anr. V/s
N.N.Wadia & Ors., consent Terms were filed and the suit was disposed off by an Order
dated 25.1.1999 in terms of the Consent Terms filed by the parties. Ganpat Panglya
Tabali by the abovementioned Appeal before the Addl. Commissioner has filed an
Appeal from the Collector’s Order dated 10 th July, 2003 for setting aside the said Order
passed by the Collector. In the proceedings adopted by the said Ganpat Panglya Tabali
before the Collector Tabali interalia purportedly disputed the said Consent Terms on the
ground that Ganpat Panglya Tabali being adivasi, the said Consent Terms were bad in
law etc.
HC Suit No.229 of 2004
Joseph Bernard Fernandes V/s K.Raheja Corp P. Ltd.
The Plaintiff has filed the above Summary Suit for a decree and payment of the sum of
Rs.14,96,295/- by way of brokerage of 1 % of the property sold by the Plaintiff and three
other Co-owners of the property bearing C.T.S. Nos. C-534, C-535 and C-536 at 22B,
Pali Road, Bandra, Mumbai - 400 050. Vakalatnama on behalf of the Defendant is filed.
True Value Homes (India) Pvt. Ltd – VS M/s, Pioneer Homes, Pioneer Software Part
Pvt. Ltd. and Mr. Sarath Kakumanu and Others
K. Raheja Corp Pvt. Ltd is not a party to the Suit bearing No.471 of 2004 filed in the
Madras High Court by True Value Homes (India) Pvt. Ltd against M/s, Pioneer Homes,
Pioneer Software Part Pvt. Ltd. and Mr. Sarath Kakumanu and Others but has entered
into a Memorandum of Understanding with Pioneer Software Technology Park Pvt. Ltd
and Mr. Sarath Kakumanu for the development of the property mentioned therein which is
the subject matter of the aforesaid application by True Value Homes (India) Pvt. Ltd. The
Hon. High Court of Madras has passed an order that the Respondents are restrained by
an order of interim injunction until further orders of the Court from in anyway dealing with
the Properties either by way of sale or development or in any other manner with third
parties contrary to the terms of MOU dated 5/2/2004 entered into between the applicant
and respondents till the disputes are finally resolved by the Arbitral Tribunal. The matter is
pending.
G) Economic / criminal / civil offences by Promoters, companies and firms promoted
by the Promoters and past cases in which penalties were imposed by the
concerned authorities
There are none
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