Proceedings Background
This disclosure is in continuation of the company's letter dated 26th November, 2025 regarding proceedings instituted by the Resolution Professional of NuFuture Digital (India) Limited before the National Company Law Tribunal (NCLT), Mumbai. Multiple hearings were conducted and pleadings were filed in the matter.
Current Development
The Hon'ble NCLT passed an order on 04th September, 2026 dismissing and disposing of the proceedings instituted against the Company. The specific matter was an interlocutory application filed by NuFuture Digital (India) Limited through its Resolution Professional seeking reversal of alleged preferential repayment made by NuFuture to Galaxy Supermarket Limited.
Litigation Details (Annexure A)
- Status Change Details: NuFuture Digital (India) Limited's Resolution Professional filed an interlocutory application before NCLT seeking reversal of alleged preferential repayment to Galaxy Supermarket. The application was dismissed and disposed of by NCLT on 04th September, 2026.
- Litigation Against Key Management Personnel: Not Applicable
- Settlement Details: Not Applicable
Future Course of Action
The Company shall seek appropriate legal advice and take necessary steps in the event of any appeal or further proceedings in the matter. The exchange will be informed of any developments.
Financial Impact
Financial impact not quantified in the disclosure. No settlement terms, compensation, or penalty details were disclosed.