In 2007, PUC successfully defended this Suit (in respect of the Shareholders’ Agreement), in favour of its Clients vide a Notice of Preliminary Objection praying the Court to dismiss the Suit instituted by the Plaintiff or decline jurisdiction on grounds that the Suit (i) constitutes an abuse of Court process in view of the pendency of related litigation and (ii) the Suit was premature, academic and speculative.   

The Claimant in anticipation of defeat filed an application to discontinue the Suit and same was accordingly struck out.