• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Legal Correspondent

Kolkata, Aug 13 Gujarat NRE Coke Ltd today filed a civil suit in the Calcutta High Court against Austral Coke and Projects Ltd, its directors, auditors, merchant bankers and others associated with Austral Coke’s IPO seeking financial compensation for misusing the Gujarat NRE Coke name in a “distorted and misleading” way with a view to selling its issue to public investors.

Gujarat NRE Coke has taken serious objection to Austral Coke’s use of the Gujarat NRE Coke name “in a distorted and misleading way to sell its issue to public investors”. Gujarat NRE Coke has prayed that, by using its name, Austral Coke has severely damaged the reputation of Gujarat NRE Coke leading to loss of market capitalisation and shareholder interest, and for this it has sought compensation.

Among other things, Gujarat NRE Coke has also sought an injunction restraining Austral Coke, or any of its associates, from making and publicising any sort of comparison between Gujarat NRE Coke and Austral Coke.

More Stories on : Courts/Legal Issues | IPOs | Coke & Metalurgical Coke

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line