SKIL Infrastructure Ltd - 539861 - Outcome Of Board Meeting Held On Thursday, February 11, 2021-Other Business
The Board noted that in the matter of proceedings initiated by IL & FS Financial Services Limited (IFIN) against SKIL Infrastructure Limited (Company) and its Subsidiaries i.e. SKIL Himachal Infrastructure & Tourism Ltd (SHITL) and Gujarat Dwarka Port West Ltd (GDPWL) in Hon'ble High Court, Mumbai for recovery of their alleged outstanding dues, Hon'ble High Court, Mumbai granted conditional leave to the Company and its Subsidiaries i.e. SHITL & GDPWL to defend its case against IFIN subject to deposit of Rs. 616.75 Crs with Hon'ble High Court, Mumbai. The Company has filed Appeal against these order with the Division bench of Hon'ble High Court, Mumbai. Further by this Order, the Hon'ble High Court, Mumbai has ordered the IFIN to deposit the original loan documents and also impounded the said documents on account of deficit in payment of stamp duty.11-02-2021