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| Exchange Disseminated Time | With reference to the earlier letter dated December 03, 2014 whereby the Company had intimated that an F.I.R. was filed against Government Officials, SRA Officials, the Company and its Directors with regard to a Project approved under SRA Scheme in Motilal Nehru Nagar, Bandra (East) in the year 2005-06.
In furtherance to the said matter, Housing Development and Infrastructure Ltd has now informed BSE that filing of F.I.R. was challenged in Bombay High Court and a writ petition has been filed and learned Court has granted ad-Interim relief and pending final disposal of the writ petition, the Hon’ble High Court have granted stay on the execution, operation and implementation of the impugned order dated November 05, 2014 passed by the Session Court and stayed the effect, execution, operation, implementation of the impugned FIR registered on December 02, 2014 for offences alleged u/s 13(1)(d) of the Prevention of Corruption Act, registered with Anti Corruption Bureau, Mumbai.
The Company will update the Stock Exchanges with any further developments in the said matter. |
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