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| Exchange Disseminated Time | With reference to the earlier announcement regarding disputes between management to control the affairs of the Company is going on since 1998, Banaras Beads Ltd has informed BSE that in this regard Company petition No 14/99 filed by Shri Raj Kumar Gupta (Ex-Director) against the Company, Directors & others before Hon'ble Company Law Board, New Delhi, is still pending. The Hon'ble CLB is trying to resolved the disputes at their end and appointed Valuers Shri R S Ahuja & Co, Chartered Accounts and Shri A R Ramanathan, Ex Member of CLB, both have submitted their report, further process is going on.
The Hon'ble bench heard Petition No. 14/99 on August 01, 2005 and reserve its order. Both the parties Petitioner and respondent have submitted relevant document and information as directed by Hon'ble Bench. |
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