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| Exchange Disseminated Time | With reference to the earlier letter dated December 4, 2015,December 12, 2015, December 18, 2015 and December 24, 2015 communicating that Hon'ble Debt Recovery Tribunal-ll, Mumbai (DRT) has passed an order on December 3, 2015 for maintaining status-quo till January 11, 2016 on amounts collected from the Investors against shares in the Rights Issue.
Ashima Ltd has now informed BSE that the Company has further 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 to January 19, 2015 and there is no order by DRAT. In view of the same the status quo granted by DRT continues.
Further inform that the formalities relating to allotment, refund and listing of rights issue shares may be delayed further. The Company is taking appropriate steps in the matter. |
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