Eraaya Lifespaces Ltd — Important, 13-01-2026: Company Update

Eraaya Lifespaces has escalated its UK legal dispute regarding FCCB-related claims, filing an application with the High Court of Justice, London. The company seeks to strike out the counterclaim by alleged bondholders and obtain summary judgment in its favor. Eraaya contends these counterclaims lack reasonable grounds and have no real prospect of success, viewing them as pressure tactics without legal basis. The company also seeks an injunction to prevent bondholders from pursuing these claims in other jurisdictions. Eraaya expresses strong confidence in its case, aiming to protect its rights, reinforce legal certainty, and safeguard long-term stakeholder value from what it deems unsubstantiated claims.