2 unchanged sentences
Such matters are subject to many uncertainties, and outcomes are not predictable with assurance.
−Removed: As of December 31, 2023, we were not party to any material legal proceedings.
−Removed: During the fiscal quarter ended December 31, 2023 the following material litigation was settled:
−Removed: Apogee Financial Investments, Inc., et al.
−Removed: India Globalization Capital, Inc., et al., Civil Action No.
−Removed: 1:21-cv-03809 (U.S.
−Removed: District Court for the Southern District of New York).
−Removed: On April 29, 2021, Apogee Financial Investments, Inc.
−Removed: (Apogee) and John R.
−Removed: Clarke (Clarke) filed a complaint against the Company and IGC’s President and Chief Executive Officer, Ram Mukunda (Mukunda) (the Apogee Litigation).
−Removed: The litigation was originally initiated by IGC on February 8, 2021 (India Globalization Capital, Inc.
−Removed: Apogee Financial Investments, Inc., Civil Action No.
−Removed: 1:21-cv-01131, U.S.
−Removed: District Court for the Southern District of New York), wherein IGC alleged that Apogee breached a purchase agreement dated December 18, 2014, related to IGC’s intended purchase of a business known as Midtown Partners & Co., LLC (Midtown).
−Removed: 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/counterclaim.
−Removed: On July 23, 2021, IGC and Mukunda moved to partially dismiss the counterclaim and the Apogee Litigation.
−Removed: 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; and Clarke’s claim against the Company for an alleged breach of an alleged promise to issue him shares of the Company.
−Removed: On June 24, 2022, Apogee and Clarke filed a second amended complaint/counterclaim asserting the same claims.
−Removed: 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, Apogee and Clarke filed a response to the motion.
−Removed: Both Apogee and Clarke withdrew their claims against Mukunda at that time.
−Removed: The Company filed its reply in support of summary judgment on May 16, 2023.
−Removed: 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;
−Removed: and (d) that all claims against Mukunda are dismissed.
−Removed: As a result of the settlement, the court dismissed the case in its entirety on October 6, 2023.
+Added: As of June 30, 2024, we were not party to any material legal proceedings.
+Added: During the fiscal quarter ended June 30, 2024, the following material litigation is pending:
+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.
+Added: There have been no material changes to the risk factors disclosed in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended March 31, 2024, filed with the SEC on June 24, 2024.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Defaults Upon Senior Securities
+Added: Mine Safety Disclosures
+Added: Not applicable.
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.