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BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
542597
Company
MSTC Ltd
Exchange Received Time
03/08/2022 18:27:41
Exchange Disseminated Time
03/08/2022 18:27:41
Time Taken
00:00:00
Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 |
08/03/22 18:27
In reference to the disclosure vide letters dated 01.10.2019, 26.10.2021 & 04.12.2021 referred above, wherein MSTC Limited had already disclosed about the dispute pending between MSTC Limited and Standard Chartered Bank ("SCB") with respect to the receivable purchase agreement dated August 29, 2008 ("RPA") entered into by our Company with SCB wherein, SCB purchased the receivables from our Company in relation to the export of gold jewellery and the subsequent proceedings of the Recovery Officer to auction the attached properties of MSTC Limited. It is to state that as per the Direction of Hon'ble Debt Recovery Appellate Tribunal (DRAT), Mumbai, MSTC Limited has deposited Rs. 34,37,25,000/- before DRAT, Mumbai, as a pre-condition to hear the appeal filed by MSCT Limited. It is to state that till date Rs. 90,00,00,000/- has been deposited before the DRAT, Mumbai.
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