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73,651.35
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Corporate Announcement
Security Code
500410
Company
ACC Ltd
Exchange Received Time
05/10/2018 17:51:38
Exchange Disseminated Time
05/10/2018 17:51:44
Time Taken
00:00:06
Re.: Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Admission Of Civil Appeal Before The Hon'Ble Supreme Court Of India Against Order Of The National Company Law Appellate Tribunal (NCLAT) Imposing Penalty |
10/05/18 17:51
We write with reference to our earlier letter dated July 25, 2018 wherein we had, inter-alia, informed you that the Company would be preferring an appeal before the Hon'ble Supreme Court of India against the judgment dated July 25 2018 passed by the National Company Law Appellate Tribunal (NCLAT) upholding the levy of penalty of `1147.59 crore as imposed by the Competition Commission of India (CCI) vide its Order dated August 31, 2016.
We would like to inform that at the hearing which took place today, the Hon'ble Supreme Court has admitted the Company's Civil Appeal and has also granted stay against the order/judgment of CCI/NCLAT.
Formal orders of the Court on the above are still awaited.
This is for your information and record.
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