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| Exchange Disseminated Time 29/12/2015 17:02:56 | Hindustan Everest Tools Ltd has informed BSE that the following :
"We have been served a notice on 28/12/2015 along with copy of petition filed with CLB, New Delhi by Mr. S. K. Mandelia, Managing director of the Company, Hindustan Everest Tools Limited (HETL) together with S.K. Mandelia (HUF) against M/S Mandelia Investment Pvt. Ltd., New Delhi (MIPL) holding Company of HETL and HETL, nine other respondents comprising Mr. B.G. Mandelia, Chairman & Managing Director of HETL, its company secretary, all other directors of HETL and MIPL and main banker of the company m/s Uco Bank, New Delhi. His petition is under 397, 398 section of the Companies Act 1956 for oppression against him and mismanagement by present management of HETL excluding himself.
With respect to of above please note that as per view of management of the company, said petition is frivolous and mala fide and would be defeated in due course.
Further, please note that through, contents of the said petition, we also came to know that a winding up petition under section 433 /434 of the Companies Act 1956 has been filed in the High Court of Delhi by M/s. Rampur Industries limited, New Delhi, for recovery of debt amounting to Rs. 81 Lacs (approx.) However we have so far not received any notice from the Honorable High Court of Delhi of such winding up application.
Please note that Company is still solvent and it can pay its debts and abide by the order of the court." |
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