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| Exchange Disseminated Time | Ashima Ltd has informed BSE that :
"We refer to our letter dated April 5, 2016 stating that the matter was at DRT also on April 4, 2016 and stood adjourned to April 18, 2016 as the Hon'ble Presiding Officer of DRT was on leave.
We had earlier vide our letter dated March 23, 2016 stated that both the Bankers to the Issue were not clear as to the interpretation of the Bombay High Court's order dated March 9, 2016 and requested the Company to seek clarity. The Company accordingly sought clarification from the Hon'ble Bombay High Court of its order dated March 9, 2016.
The Hon'ble High Court vide its order dated April 12, 2016 clarified that the statements made by the parties (i.e. Ashima Limited) are binding upon the respective parties and the same are required to be abided by the Parties. A copy of the same is enclosed herewith.
Consequent to this clarification, the Company is in the process of taking up the matter with the Bankers to the Issue, who were also parties to the concerned Writ Petitions, for compliance of the Order dated March 9, 2016 and April 12, 2016 of the Hon'ble Bombay High Court." |
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