RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

the Excise and liquor
sourcing policy
implemented by
State of Rajasthan
(2 nd Case)
liquor sourcing policy for the Year 2005-06
and 2006-07 implemented by the State of
Rajasthan whereby a licensee of country
liquor is compulsorily required to obtain his
requirement of liquor from the Respondents
distilleries, and the fact that only three
private distilleries and the government
distillery were permitted to obtain rectified
spirit from outside the state of Rajasthan
and none else. The Petitioners claim is that
the policy is arbitrary and clearly aims at
creating a monopoly in favour of the
Respondents.
Labour Cases related
to non payment of
salary, bonus and
ex-gratia during the
period of strike
Not quantifiable
The Company was originally not made a
party in the writ petition. However, the
Company had filed an application for
impleadment as a respondent and has also
filed its reply.
Pending for final hearing. Date will be fixed
later.
Dispute as regards the non- payment of
salary to workers during the period of strike
in the year 1999-2000 and 2000-2001,
bonus and exgratia payments were raised. A
settlement was arrived at by the Company
and the Union. An application was made
before the Labour Commissioner under
Section 33-C(1) of the Industrial Disputes
Act which was dismissed. The Labour union
filed a writ against the same.
The case has been decided on September
14, 2007 against the petitioner. The notice is
to be served on the State of Rajasthan.
Following are the cases filed by the Company:
Type of Litigation
Writ Petition against
excise department
for their notification
regarding demand of
fee
on
transportation/
captive consumption
of goods
(1 Case)
Amount
Involved
(Rs. in lakhs)
Duty of around
Rs. 7,00,000 has
been paid quo
the
transportation
fee on the
demand raised
by
the
Department.
Also, a sum of
Rs. 20,70,000
has been paid as
fee for the Year
2004-05.
The demands of
duty made by
the excise
department have
been paid by the
Company under
Status
The Company has filed a Writ Petition under
Article 226 of Constitution of India in the
matter of Section 11 and 12 of the
Rajasthan Excise Act, 1950 and The
Rajasthan Excise Rules, 1956 against the
excise department for their notification
regarding demand of fee under Rule 69B of
the Excise rules on transportation/ captive
consumption of goods (rectified spirit used in
the manufacture of liquor) within the factory
premises.
First listed on 29.11.05 wherein Demand
raised by excise department and on
19.12.05 stay of order dated 29.11.05 was
confirmed. The said matter was listed on
28.04.08 and the next date of hearing has
been fixed for October 24, 2009
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