DLF LTD. - Clarification from DLF Ltd

The Exchange had sought clarification from the Company with respect to the news flash about Supreme Court directs DLF to pay Rs.630 Crores.<br/><br/>DLF Ltd has replied as under :<br/><br/>"The Appeal filed by DLF against the Order of the COMPAT has been admitted today by the Honble Supreme Court of India. The Hon'ble Supreme Court directed DLF to deposit Rs. 630 crore in an interest-bearing fixed deposit with the Court for the duration of the Appeal proceedings. The amount is to be deposited within a period of three months, of which Rs. 50 crore is to be deposited within three weeks. The entire deposit is subject to the final decision of the Honble Supreme Court.<br/><br/>The copy of the order passed today by the Honble Supreme Court is still awaited.<br/><br/>DLF will take all steps to comply with the directions of the Honble Supreme Court and remains confident of the merits of its case."