Source BSE : Mumbai :6th-Jun-2011
With reference to "Suit for recovery filed by M/s Hongkong and Shanghai Banking Corporation Ltd. & delisting of the shares of Compact Disc India Ltd", Compact Disc India Ltd has informed BSE that :
"We confirm that Recovery Officer, DRT - II, Delhi vide its order dated May 10, 2011 has restrained the company from initiating any process for delisting of the shares of the Company. The copy of the said order was received by us on May 28, 2011. The case is listed on June 08, 2011.
The company has already tendered a re-payment schedule for payment of entire amount within 12 months starting from February 2011. The company has already paid a sum of Rs. 2.00 crore and balance amount will be paid within the given time schedule."
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