Porsche announced that the criminal proceedings which were initiated by its former importer Ashish Chordia of Precision Cars have been dismissed by the Jaipur Bench of Rajasthan High Court. The court has allowed the quashing petition which was filed by Porsche AG, Porsche Middle East and Africa FZE and its directors thus dismissing the criminal proceedings bought forward by Precision Cars.
Ashish Chordia and his company had filed criminal proceedings against Porsche to challenge the termination of its Local Importer Agreement and the appointment of Volkswagen Group Sales India in its place. Porsche has always maintained that the charges were baseless and devoid of merit.
This victory for Porsche comes after another civil case filed by Precision Cars in 2012 was dismissed by Jaipur court and which went up to the Supreme Court of India.
Porsche has said that it is excited and looking forward to growing the brand in the important India market with Volkswagen Group Sales India as its importer.
Dismissal of criminal proceedings against Senior Porsche Executives
|Stuttgart/Mumbai. Porsche hereby announce that the criminal proceedings brought against its Senior Executives by its former local importer in India, Ashish Chordia of Precision Cars, have been dismissed.
The Jaipur Bench of the Rajasthan High Court pronounced its judgment in open court last December. The Honourable Court allowed the Quashing Petition filed by Porsche AG, Porsche Middle East and Africa FZE and its directors and dismissed all the criminal proceedings initiated by Chordia and Precision Cars.
The Jaipur Court's decision marks another unsuccessful attempt by Precision Cars to challenge the lawful termination of its Local Importer Agreement by Porsche Middle East and Africa FZE and the appointment of Volkswagen Group Sales India as the official Local Importer for Porsche Cars in India. It follows the dismissal of another civil case brought by Precision Cars in the Jaipur Courts in 2012, which was pursued up to the Supreme Court of India.
Porsche has always maintained that the criminal proceedings were frivolous, vexatious, and entirely without merit and is very pleased that its stand has been vindicated by the Jaipur Bench of Honourable Rajasthan High Court.
Porsche has the utmost faith and highest regard for the Indian judicial system which has repeatedly upheld the company’s contractual right to appoint Volkswagen Group Sales India as the official local importer for Porsche Cars into India.
Porsche and Volkswagen Group Sales India continue to look forward to growing the brand in India and are excited about the future of the brand in this important market.