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BSE SENSEX
72,488.99
-454.69
-0.62 %
Corporate Announcement
Security Code
533177
Company
IL&FS Transportation Networks Ltd
Exchange Received Time
20/09/2018 23:31:24
Exchange Disseminated Time
20/09/2018 23:31:32
Time Taken
00:00:08
Order Of Delhi High Court |
9/20/2018 11:31:24 PM
We hereby inform that the Aditya Birla Finance Limited ('ABFL'), one of the creditors of the 2 project special purpose vehicles has filed an arbitration application under section 9 of the Indian Arbitration and Conciliation Act, 1996 before the Hon'ble High Court of Delhi. Pending constitution of the arbitral tribunal, the Delhi High Court has passed interim orders dated 18.09.2018, a copy of which was received today, inter alia, injuncting the Company from transferring or creating third party interest in their unencumbered assets till the next date of hearing fixed on 07.12.2018
The Company is seeking legal advice to defend the aforementioned interim order and take appropriate steps
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