Vama Wovenfab Limited’s Settled Cheque Cases Remain Pending

Vama Wovenfab Limited has disclosed that three 2019 cheque-dishonour complaints remain pending despite a January 16, 2020 full-and-final settlement deed. Two cases were recorded at the “E/R of Warrant” stage and one at the “Report” stage, while the complainant was reportedly closed and could not be contacted for settlement payment.

Why do Vama Wovenfab’s settled cheque cases remain pending?

Vama Wovenfab says the three complaints remain pending because payment under the January 16, 2020 settlement could not be made to the complainant, Trans Express Logistic India Pvt Ltd. The prospectus states that Trans Express was reportedly closed, while Vama Wovenfab and Suresh Gupta attempted to make payment under the settlement but were unable to contact the complainant.

The disclosure does not state that any court accepted the settlement, received a settlement payment, or disposed of any of the three complaints. It says Vama Wovenfab had not received case papers from the court in complaint 45814/2019; for complaints 45815/2019 and 44771/2019, it says Vama Wovenfab and Suresh Gupta had not received case papers from the court. The pending court stages therefore continue to be disclosed after the 2020 deed.

All three cases concern complaints under Sections 138 read with 141 of the Negotiable Instruments Act, 1881, relating to dishonour of cheques issued by Vama Wovenfab. The complaints name Vama Wovenfab, Suresh Gupta and others, and were filed by Trans Express before the Metropolitan Magistrate Court, Calcutta, during September 2019.

What are the three pending Vama Wovenfab cheque cases?

Vama Wovenfab identifies three separate complaint numbers, even though all three involve the same complainant, legal provisions and January 2020 settlement date. Complaint cases 45814/2019 and 45815/2019 were filed on September 13, 2019, while complaint case 44771/2019 was filed on September 21, 2019.

The first two matters have the same stated procedural stage, “E/R of Warrant,” but retain distinct complaint numbers. The prospectus prints the hearing date for complaint 45815/2019 as “November 263, 2026”; it does not provide a corrected date elsewhere in the supplied disclosure.

Complaint 44771/2019 differs from the other two because its disclosed stage is “Report,” not “E/R of Warrant.” Its stated next hearing was December 25, 2026, following its September 21, 2019 filing and the settlement deed dated January 16, 2020.

What do the reported court stages show?

The reported stages show that the three complaints did not have an identical recorded procedural position. Vama Wovenfab reports “E/R of Warrant” for cases 45814/2019 and 45815/2019, and “Report” for case 44771/2019, without defining either court label.

The prospectus does not disclose the amount of any cheque, the settlement consideration, a court direction, or the substance of a warrant. It consequently supports the pending status and the reported stage of each case, but does not permit a conclusion about the amount at stake or the outcome of a future hearing.

The disclosed sequence runs from filings in September 2019 to a common settlement deed in January 2020 and later listed hearings in November and December 2026. Vama Wovenfab gives one stated reason for the unresolved status: Trans Express was reportedly closed and could not be contacted for payment under the settlement.

How material are the pending criminal proceedings?

Vama Wovenfab presents the three cases as the only pending material criminal proceedings against the company and its promoters in the relevant litigation disclosure. Its board, at a meeting on June 17, 2026, set Rs 10 lakh as the threshold for “Material Litigation,” meaning outstanding litigation considered material for disclosure under the board’s policy.

The prospectus also sets out calculation-based thresholds from the latest restated financial statements. Two percent of FY 2026 turnover was Rs 4.2923 crore, 2% of net worth was Rs 57.39 lakh, and 5% of the average absolute profit or loss after tax for FY 2024 through FY 2026 was Rs 35.02 lakh. The lower of those three calculation-based measures was Rs 35.02 lakh, while the Rs 10 lakh board threshold was lower.

Vama Wovenfab reported profit after tax of Rs 2.6299 crore in FY 2024, Rs 6.8376 crore in FY 2025 and Rs 11.5451 crore in FY 2026. The disclosure does not provide the cheque values, claimed sums, settlement amount or quantified exposure for any of the three complaints, so their monetary scale cannot be compared with FY 2026 turnover or net worth.

What other legal matters does Vama Wovenfab disclose?

Vama Wovenfab reports no criminal proceedings filed by the company or promoters, no other pending material civil litigation against or filed by them, and no actions by statutory or regulatory authorities against them. It also reports no disciplinary actions, including penalties imposed by the Securities and Exchange Board of India, or SEBI, or stock exchanges during the last five financial years, including outstanding action.

Tax proceedings are separately disclosed as open matters. Vama Wovenfab lists two income-tax outstanding demands totalling Rs 3.42 lakh, one goods and services tax, or GST, demand of Rs 23.47 lakh, and nine direct-tax matters relating to tax deducted at source, or TDS, totalling Rs 2.15 lakh.

For the GST matter relating to FY 2020-21, the prospectus says a December 18, 2024 show-cause notice sought Rs 30.47798 lakh towards central, state and integrated GST. It says the department subsequently issued an August 4, 2025 order determining a tax liability of Rs 23.46672 lakh, while the summary table records Rs 23.47 lakh and describes the demand as open.

Conclusion

The disclosed position is that a January 2020 settlement deed has not resulted in recorded closure of three cheque-dishonour complaints filed in September 2019. The reported inability to contact the reportedly closed complainant explains why Vama Wovenfab says payment under the settlement could not be completed, while the three cases remain at two different court stages.

The next disclosed developments are the November 26, 2026 hearing in case 45814/2019, the printed “November 263, 2026” date in case 45815/2019, and the December 25, 2026 hearing in case 44771/2019. A later company disclosure or court record would be needed to establish a payment, disposal, corrected hearing date or any further procedural outcome.