Eraaya lifespaces shares are one of the multibagger small-cap stocks The 100 that Indian stock market has distributed in recent years. On Monday, the small-cap will be in stock focus when trading resumes. Under small cap stock 100 There was pressure to sell on Friday after the litigation raised by Vikas Lifecare regarding the acquisition of Abix Inc. Both companies informed Indian exchanges about development through exchange filing.
Vikas Lifecare fees labeled
In an exchange filing to BSE, Vikas Lifecare Said, “We want to inform you that the company as a member of the Consortium led by the company IE Vikas Lifecare Limited, Eraaya Lifespaces Limited (Eraaya), who acquired Ebix Inc., under the proceedings of Chapter 11 from the US bankruptcy court , USD contributed 34.827 million to the bid amount and search for its correct claims. In, Eraaya has been issued a notice under Section 21 of the Arbitration and Reconciliation Act, 1996, 1996, the call for arbitration, and the honorable Mr. Justice (retired) Vinod Goel as the sole mediator with mutual consent.
Era -lifetime
Issuing an explanation against the litigation imposed by Vikas Lifecare, Iraya lifetime Said, “Eraaya lifespaces Limited (” Eraaya “) led a union with the aim of achieving Ebix Inc., which was under the proceedings of Chapter 11 before the American bankruptcy court, and on May 24, 2024 As part of money raising. Limited (“Vikaslife”) was entered into an agreement and in terms of the agreement, Vikaslife was contributed to 34.827 million for the bid amount.
“Ebix Inc.’s acquisition was successfully completed on August 30, 2024. However, the repayment of zodiac signs for VikasLife could not be completed according to the time of agreed time between parties, as the remaining amount was USD 40 million USD The amount is on the FCCBS issue of Eraaaya, so far The middlemen have not been issued, and Eraaya has taken appropriate steps to recover, meanwhile, separately.
However, Eraya’s lifetime stated that it agreed to appoint the Honorable Shri Justice (retired) without a clearly burning of its legal rights for all its rights and materials and to fight the underlying matters. , The only intermediary is. This consent is made with a clear understanding that Aaraya will strictly claim its rights and pursue all available legal routes in the dispute before LD. Arbitral Tribunal.
“However, the amount contributed by Vikaslife for the acquisition of EBIX, Inc. bid is duly accepted,” Eraaya lifespaces concluded in their exchange filing.
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