16 unchanged sentences
In response to the original lawsuit filed by IGC, Apogee and Clarke filed a counterclaim as well as the Apogee Litigation.
−Removed: On June 28, 2021, Apogee and Clarke filed an amended complaint.
+Added: On June 28, 2021, Apogee and Clarke filed an amended complaint/counterclaim.
On July 23, 2021, IGC and Mukunda moved to partially dismiss the counterclaim and the Apogee Litigation.
On March 7, 2022, the Court granted the motion to dismiss in substantial part, leaving only two claims:
−Removed: Apogee’s cross-claim against the Company for an alleged breach of the purchase agreement;
−Removed: and Clarke’s claim against the Company for an alleged breach of an alleged promise to issue him shares of the Company.
+Added: Apogee’s cross-claim against the Company for an alleged breach of the purchase agreement; and Clarke’s claim against the Company for an alleged breach of an alleged promise to issue him shares of the Company.
+Added: On June 24, 2022, Apogee and Clarke filed a second amended complaint/counterclaim asserting the same claims.
On February 21, 2023, IGC and Mukunda filed a motion for summary judgment seeking judgment on both IGC’s underlying Complaint against Apogee and Apogee’s and Clarke’s claims against Apogee and Mukunda.
−Removed: On April 19, 2023, after the close of the Company’s fiscal year, Apogee and Clarke filed a response to the motion.
+Added: On April 19, 2023, Apogee and Clarke filed a response to the motion.
Both Apogee and Clarke withdrew their claims against Mukunda at that time.
The Company filed its reply in support of summary judgment on May 16, 2023.
−Removed: The court is expected to issue a decision sometime during fiscal year 2024 (on or before March 31, 2024).
−Removed: The Company considers the counterclaim and the Apogee Litigation to be ordinary, routine litigation incidental to the business.
−Removed: The Company and Mukunda deny any and all liability and, in particular, deny many of the factual allegations contained in the Apogee Litigation.
−Removed: Both the Company and Mukunda intend to vigorously defend the litigation and are represented by counsel for that purpose.
+Added: On July 20, 2023, the court granted the motion for summary judgment in substantial part, ruling (a) that Apogee breached the parties’ purchase agreement, (b) that Clarke’s claims were barred by the applicable statute of limitations, (c) that Apogee breached a contract related to a loan made by IGC to Apogee in 2015 and that IGC is entitled to damages and interest as a result; and (d) that all claims against Mukunda are dismissed.
+Added: As a result of the settlement, the court dismissed the case in its entirety on October 6, 2023.
+Added: Engineering and Consulting Group SAS et al.
+Added: v IGC Pharma Inc ., case file no.
+Added: 110016000050202247710 (Prosecutor's Office 393 Sectional Economic Crimes Unit, Bogota, Colombia).
+Added: The Company and the ECG corporation are in a contractual dispute.
+Added: The Company filed a complaint against four (4) individuals with the Prosecutor's Office 393 Sectional Economic Crimes Unit, Bogota, Colombia, under file no.
+Added: 110016000050202247710 for charges of fraud, falsification of a private document, and conspiracy to commit a crime.
+Added: The complaint was filed in 2022.
+Added: In December 2023, the case was reviewed by the investigator and scheduled and accepted for a hearing by the prosecutor in calendar 2024.
MINE SAFETY DISCLOSURES
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.