Kindly refer to our disclosure dated March 30, 2022, pursuant whereof we had informed that the Company had been made aware about an application / petition filed under title Housing Development Finance Corporation Limited ('HDFCL') Vs Siti Networks Ltd. ('the Company') before the National Company Law Tribunal, Mumbai, (hereinafter referred to as 'said case') pending receipt of copy of said application / petition.
In this context, we would like to inform you that the Company has received the notice of said case (CP (IB)414/2022) on April 13, 2022.
In the said petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, HDFCL has allegedly claimed that the total amount in default with respect to the financial facility is Rs.296,06,48,008/- as on January 31, 2022. However, the Company is compiling information to verify the facts claimed in said petition filed by HDFCL.
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