Brief: Gitanjali Gems Confirms Payment Dispute With Mahesh Bhupathi, Lara Dutta Under Endorsement Deal

Gitanjali Gems

21/12/2017 11:38

Dec 21 (Reuters) - Gitanjali Gems Ltd  GTGM.NS : 
    * GITANJALI GEMS CLARIFIES ON NEWS ITEM ON MAHESH BHUPATHI, 
LARA 
DUTTA FILING INSOLVENCY CASE AGAINST CO 
    * SAYS THERE ARE DISPUTES BETWEEN CO AND BHUPATHI, DUTTA 
RELATING 
TO CONSIDERATION PAYMENT UNDER AN ENDORSEMENT AGREEMENT 
    * GITANJALI GEMS-APPLICANTS HAVE APPROACHED NCLT MUMBAI 
BENCH FOR 
RESOLUTION AS OPERATIONAL CREDITORS; CO IN PROCESS OF FILING 
REPLY 
    * SAYS "IN DISCUSSION WITH APPLICANTS FOR AMICABLE 
RESOLUTION OF 
DISPUTE" 
    * SAYS CLAIM OF 2.5 MILLION RUPEES AGAINST CO NOT CONSIDERED 
TO 
HAVE MATERIAL IMPACT ON CO 
 
Source text:http://bit.ly/2p2Nq8S 
Further company coverage:  GTGM.NS  
 
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