Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford", "Belgravia" or the "Company") is providing an update on the litigation vs PolyNatura Corp. in United States District Court for the District of New Mexico Case No. 2:21-cv-00918. Belgravia is seeking to recover $12.2M USD plus additional damages arising from breaches of the Royalty Agreement it signed in 2017 with Cartesian Capital LLP.

Court Rulings:

January 11, 2024, Magistrate Judge Jerry H. Ritter entered a Memorandum Opinion and Order Denying PolyNatura's Request to Stay Discovery. This is an important step for Belgravia as it overruled PolyNatura's request to halt depositions. Belgravia argues that such depositions were necessary to understand why no revenues have been generated thus far by PolyaNatura and the circumstances surrounding the 2017 settlement between IC Potash Corp. and Cartesian Capital.

On September 28, 2023, PolyNatura filed a Notice of Non-Appearance indicating that certain defense witnesses noticed for depositions would not be appearing for their depositions. On October 6, 2023, PolyNatura filed a Motion for Summary Judgment, and argued in its reply brief that depositions were not necessary to rule on the Motion for Summary Judgment. see & read more on
https://www.newsfilecorp.com/release/197403/