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| Exchange Disseminated Time | With reference to the earlier letter dated December 04, 2015, December 12, 2015, December 18, 2015, December 24, 2015 and January 01, 2016 communicating that Hon'ble Debt Recovery Tribunal-ll, Mumbai (DRT) has passed an order on December 03, 2015 for maintaining status-quo till January 11, 2016 on amounts collected from the Investors against shares in the Rights Issue.
The Company has also communicated that the Appeal filed by the Company at Debt Recovery Appellate Tribunal (DRAT) was adjourned to December 30, 2015. The Hon'ble DRAT on December 30, 2015 further adjourned the matter (Appeals) to January 19, 2016.
Further Ashima Ltd has informed BSE that the matter was at DRT on January 11, 2016 and stood further adjourned to February 19, 2016, as the learned Presiding Officer of DRT was on leave.
In the meanwhile, the Company is taking appropriate steps in the matter. However, the formalities relating to allotment, refund and listing of rights issue shares may be delayed further. |
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