It is another setback for Wockhardt in its tussle with bondholders.
The Bombay High Court today disposed off Wockhardt's ad-interim application which sought an injunction on the FCCB holders from initiating a parallel suit in UK, for recovering the money due to them.
The court observed that the bondholders will have to serve a notice to Wockhardt, should they choose to initiate proceedings in the UK.
If Wockhardt receives such a notice, they will have the option of filing a fresh interim application in the Bombay High Court.
Currently, there is no injunction restraining the bondholders from launching a parallel suit in a separate jurisdiction.
The counsel for Wockhardt, in the course of the proceedings, claimed that the company was adhering to earlier court directives regarding the payment to bondholders.
