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

N) Potential Litigation
There are none disclosed to our company
Against the other ventures in which K Raheja Corp Group( C, L. Raheja Group)
holds in excess of 10% of the Equity Share Capital/ Interest.
A) Pending Arbitration Proceedings
There are none disclosed to our company
B) Litigation pending – FEMA
There are none disclosed to our company
C) Litigation Pending – Income Tax
D) Litigation pending – Sales Tax/ Luxury tax
Euroweave Exports Pvt. Ltd. vs The Sales Tax Officer
Demands aggregating to Rs. 3,32,342/- have been raised by the Sales Tax Department
for the years 1992 – 1993, 1993-1994 and 1994-1995. The disputed matter is in appeal
pending disposal.
E) Litigation pending –Customs and Excise Gold Control Appellate (‘CEGAT’)
Terraco India Pvt. Ltd.
Show cause Notice bearing F. No. V(32) 15-5/Adj/2002 dtd 20.3.2002 issued by the
Joint Commissioner of Central Excise in respect of
Assessment Year 2000-01
Our Promoter Group company Terraco India Pvt. .Ltd. having central excise registration
No AAA CT 010 QM 001 has been issued a notice to show cause cum demand as to why
M/S Terraco India Pvt. Ltd and Pagel Concrete Technologies Pvt. Ltd. should not be
treated as related person and Central Excise duty of Rs. 263426 for the period April 2000
to March 2001 should not be recovered from them . The company has responded to the
show cause notice vide letter dated July 6 2002 and the matter is pending.
Terraco India Pvt. .Ltd.
Show cause Notice bearing F. No. Vch 32 (15) 19/TER/Adj/02/2061 dtd 1.4.2002
issued by the Dy. Commissioner of Central Excise in respect of
Assessment Year 2001-02
Our Promoter Group company Terraco India Pvt. .Ltd. having central excise registration
No AAA CT 010 QM 001 has been issued a notice to show cause cum demand as to why
M/S Terraco India Pvt. Ltd and Pagel Concrete Technologies Pvt. Ltd. should not be
treated as related person and Central Excise duty of Rs. 305061 for the period April 2001
to March 2002 should not be recovered from them . The company has responded to the
show cause notice vide letter dated July 6 2002 and the matter is pending.
Terraco India Pvt. Ltd.
Show cause Notice bearing F. No. V(32) 15 279/Adj/01/PT.1 dtd 10.3.2002 issued by
the Dy. Commissioner of Central Excise in respect of
Assessment Year 2002-03
Our Promoter Group company Terraco India Pvt. .Ltd. having Central Excise Registration
No AAA CT 010 QM 001 has been issued a notice to show cause cum demand as to
why M/S Terraco India Pvt. Ltd and Pagel Concrete Technologies Pvt. Ltd. should not be
treated as related person and central Excise duty of Rs. 41393 for the period 10-2-02 to
31-8-02 should not be recovered from them . The company has responded to the show
cause notice vide letter dated April 19 2003 and the matter is pending.
F) Litigation Pending- Money Recovery and other Civil Suits
High Court of Bombay
Suit No 3085 of 1985
Hotel Empire Ltd. vs.Juhu Beach Resorts Pvt. Ltd.
Hotel Empire Pvt. Ltd. on 3 rd December, 1985 filed a suit bearing No 3085 of 1985 against
Juhu Beach resort Pvt.Ltd at the High Court of Judicature, Mumbai for a declaration that
Juhu Beach Resorts Pvt.Ltd was in wrongful possession and occupation of the property
and for a declaration that the consent decree of suit No 1965 of 1985 is void. The suit is
currently pending hearing. Juhu Beach Resort has filed a suit bearing no 284 of 1987
against Hotel Empire for a declaration that the Agreement dated 16 th January ,1974
between Hotel Empire and Juhu Beach Resorts is valid and binding. No interim
proceeding has been taken out in this suit -
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