AKSH OPTIFIBRE LTD.

AKSH OPTIFIBRE LTD. - Updates

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21 Oct 2015
Aksh Optifibre Ltd has informed BSE as under :<BR><BR>"Hon'ble High Court of Rajasthan has admitted a winding up petition against the Company, being Corporate Guarantor, for the alleged / disputed liability of its subsidiary.<BR><BR>Further, In this regard, we would like to add that the amount of Corporate Guarantee furnished by Company on behalf of its subsidiary, i.e. M/s. APAksh Broadband Limited, is to the tune of Rs. 5.40 Crore only. Considering the present financial position of the Company the amount is not significant and Company is confident to resolve the matter in best interest of all Stakeholders.<BR><BR>The Company in consultation with its legal counsels has already initiated appropriate legal recourse to challenge the said order".
View all announcements for AKSH OPTIFIBRE LTD.	Source: BSE India

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