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DELHI HIGH COURT
PRATHIBA M.SINGH
Tommorrowland Limited – Appellant
Versus
V. Jethalal Ramji – Respondent
| Table of Content |
|---|
| 1. context of the connected suits and arbitration (Para 1 , 2 , 3) |
| 2. details of the underwriting agreements and public issue (Para 4 , 5 , 6 , 7 , 12) |
| 3. sebi's intervention and its impact (Para 8 , 9 , 10 , 11) |
| 4. arbitral awards process and their implications (Para 13 , 14 , 15 , 16) |
| 5. defendants' objections to the awards (Para 18 , 19 , 29 , 30 , 35) |
| 6. plaintiff's responses to the objections (Para 38 , 39 , 40 , 41) |
| 7. legal framework governing underwriting agreements (Para 47 , 48) |
| 8. conclusions drawn by the court on the matter (Para 68 , 69 , 100 , 102) |
JUDGMENT
Prathiba M. Singh, J. The present suit is one of 27 connected suits, all of which relate to disputes between the Plaintiff-M/s MS Shoes East Ltd. (now known as Tommorrowland Limited) and various Defendants/Respondents who were Underwriters of a public issue brought out by the Plaintiff-Company in 1995. The background of the cases is the same but the underlying facts vary from case to case, hence separate judgements are being delivered.
Background and Summary of the proceedings
2. The background of the disputes is that the Plaintiff had launched a public issue sometime in 1995 for issuance of Fully Convert
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