|
| Exchange Disseminated Time 19/02/2016 09:42:51 | The Exchange had sought clarification from the company with respect to news article appearing in Business Line on February 17, 2016 titled "Bombay High Court puts on hold FTIL-NSEL merger"
The company replied stating "The Hon'ble Bombay High Court has extended the stay on Final Order till March 31, 2016.
It may be recollected that as per the Hon'ble Bombay High Court Order dated February 04, 2015, any adverse Order would be automatically stayed for a period of two weeks.
The next listing date of the matter is March 17, 2016. FTIL is required to place its challenge to the Final Order before the Hon'ble Bombay High Court by amending the existing Writ Petition or by filing a fresh Petition on or before March 15, 2016." |
|
|