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| Exchange Disseminated Time | Banaras Beads Ltd has informed BSE that the disputes between management to control the affairs of the Company is going on since 1998. In this regard Company Petition No. 14/99 filed by Shri Raj Kumar Gupta (Ex-Director) against Company, Directors and others before Hon'ble Company Law Board, New Delhi is still pending. The Hon'ble CLB is trying to resolve 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 said Petition on April 12, 2006 and adjourned the matter for July 17, 2006. |
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