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HSIL LTD. - Complaint against HSIL and its directors for non-compliance with the Listing Agreement
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19 Mar 2016
HSIL Ltd has informed BSE that;&lt;BR&gt;&lt;BR&gt;&quot;This has reference to our letter dated April 16, 2014 in response to your email dated April 07, 2014 for pending criminal matter against our Director Mr. Sandip Somany.&lt;BR&gt;&lt;BR&gt;It was stated in our earlier letter that the dispute regarding the Land case at Karnal was purely a dispute pertaining to the said land which was jointly owned by Mr. Rajendra Kumar Somany and Mr. Sandip Somany in their individual capacity. It is a matter of record that our Company had no concern with the said land and was not involved in any manner with the dealings of the said land. We had been all along maintaining that the said complaint was malicious and only instituted to damage the reputation of Mr. Sandip Somany.&lt;BR&gt;&lt;BR&gt;Mr. Sandip Somany aggrieved by this complaint preferred a quashing petition No.CRM-M 8431 of 2014 before the Honble High Court Punjab &amp; Haryana, Chandigarh and Honble High Court has been pleased to quash and set aside the entire proceedings pending against Mr. Sandip Somany with all consequences vide its order dated February 23, 2016&quot;.
View all announcements for HSIL LTD. Source: BSE India