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

SB. Civil Writ
Petition No. 3454 of
2005 under Article
14 & 265 of the
Constitution of India
and in the matter of
Rajasthan Excise
Act, 1950 ad Article
47 of the
Constitution of
India.
High Court of
Rajasthan at
Jodhpur.
2. M/s Rajasthan
Liquor
Bottlers
Association & Ors
Vs.
State of Rajasthan
and ors
SB. Civil Writ
Petition No. 2344 of
2005 under Article
226 of the
Constitution of India
in the matter of
Articles 14, 19, 265
and 300 A of the
Constitution of India
and in the matter of
the Rajasthan
Excise Act, 1950
High Court of
Rajasthan at Jaipur
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.
The petitioners have filed
the writ petition against
the amendment of the
excise and 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.
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.
Can’t be
quantified.
In case of an
adverse
decision it may
effect the
operations and
profits of the
Company in the
State.
and/or
service
incomplete.
its
is
Pending for final
hearing. Date
will be fixed
later.
Sl.
No.
(b)
Parties/
Case no. /
Court
Labour Cases:
1. Globus Agronics
Shramik Union
Vs
Particulars of the Case
Dispute as regards the nonpayment
of salary to workers
during the period of strike in
the year 1999-2000 and
2000-2001, and bonus and
Amount
Involved
(In
Rupees)
Financial
or other
impact on
the
Company
in case of
an
adverse
decision
Present
Status
N/A N/A The case has
been decided
on September
14, 2007
against the
201