Nectar Lifesciences Ltd. Wins Legal Battle Against Sanjay Chemicals India Private Limited with No Liability

Nectar Lifesciences Ltd. has successfully defended a legal case filed by Sanjay Chemicals India Private Limited in the Mumbai City Civil Commercial Court. The Hon'ble Court returned the plaint to the Plaintiff, citing a lack of jurisdiction to hear the matter. The Plaintiff had sought recovery of a ₹ 43,30,914 principal amount, 21% interest, and a ₹ 2,00,000 penalty. The Company argued that the Court lacked jurisdiction and that the claims were time-barred, resulting in the dismissal of the suit with no liability or action against the company.