Annexure XIV Continued… - Edelweiss

E/DL/28679/7AC-IV3622, dated February 23, 2011 to Mr. Kuldeep Singh Solanki on the similar issue. The
matter is currently pending.
2. Contract Labour Act Case No. 169 of 2007
A prosecution report under section 23, 24 of the CLRA was filed on July 1, 2007 before the Court of the Chief
Judicial Magistrate, Dhanbad by the Labour Enforcement Officer (Centre) Katrasgarh against M/s. Sainik
Mining and Allied Services Limited (“SMASL”) and Mr. Kuldeep Singh Solanki, (one of the Directors of our
Company), in his capacity as managing director of SMASL. The Court of the Chief Judicial Magistrate took
cognizance of the offence under the aforementioned sections and transferred the case to I st Class Magistrate,
Dhanbad for disposal in accordance with law and issued summons to Mr. Kuldeep Singh Solanki to appear
before the I st Class Judicial Magistrate on August 1, 2007. As Mr. Kuldeep Singh Solanki was not aware of the
said proceeding he could not appear before the Court and due to non-appearance, bailable warrants have been
issued against him. The matter is currently pending.
3. Contract Labour Act Case No. 163 of 2008
A prosecution report under section 23, 24 of the CLRA was filed on May 27, 2008 before the Court of Chief
Judicial Magistrate, Dhanbad by the Labour Enforcement Officer (Centre) Katrasgarh against M/s. Sainik
Mining and Allied Services Limited (“SMASL”) and Mr. Kuldeep Singh Solanki, (one of the Directors of our
Company), in his capacity as a managing director of SMASL. The Court of the Chief Judicial Magistrate took
cognizance of the offence under aforementioned sections and transferred the case to I st Class Magistrate,
Dhanbad for disposal in accordance with law and issued summons to Mr. Kuldeep Singh Solanki to appear
before the I st Class Magistrate on June 27, 2008. As Mr. Kuldeep Singh Solanki was not aware of the said
proceeding he could not appear before the Court and due to his non-appearance, bailable warrants were issued
against him. Thereafter non bailable warrants against Mr. Kuldeep Singh Solanki were issued and proceedings
under section 82 of the Code of Criminal Procedure, 1973 were initiated. The matter is currently pending.
C. Mr. Vir Sen Sindhu
1. Proceedings initiated by the CBI
A case (RC No. AC2 2010 A0002) was registered by the CBI under section 120B of the IPC read with section
7 and 12 of the PCA against Mr. M.P. Dixit, Chairman cum Managing Director of South Eastern Coal Field
and certain other persons involved in receiving/giving illegal gratification. Our Company is not a party to this
case, however, during the course of investigations against Mr. M.P. Dixit, the CBI questioned one of our
Promoters, Mr. Vir Sen Sindhu and conducted searches at the Registered Office and Corporate Office of the
Company for the alleged involvement in the payment of illegal gratification to the accused, Mr. M.P. Dixit. Mr
Vir Sen Sindhu vide separate orders dated October 20, 2010 were granted protection by the Special Judge,
CBI, New Delhi wherein the learned judge stayed the arrest of Mr. Vir Sen Sindhu till January 25, 2011.
Thereafter, vide order dated February 07, 2011 the court of Special Judge, CBI has further stayed the arrest of
Mr. Vir Sen Sindhu till April 15, 2011. On April 15, 2011 the matter has been posted for August 18, 2011.
2. Securities Laws
Mr. Vir Sen Sindhu, Director of our Company was also a director on the board of Indus Portfolio Private
Limited Company (“IPPL”), which is engaged in the securities relate business. An inquiry was conducted by
Delhi Stock Exchange into the trading in scrip of Kinetic Capital Services Limited (“Kinetic”) and Shubh
International Limited (“Shubh”), wherein it was observed that IPPL had dealt with an unregistered broker in
respect of the trading of the scrips of Kintetic and Shubh and failed to exercise due skill, care and diligence in
the conduct of its business. IPPL had requested for a lenient view to be taken in the matter and SEBI, while
taking a lenient view, vide its order dated November 29, 2001 warned IPPL to be careful in the future.
D. Mr. Ganesh Chandra Mrig
Show cause notice issued by Chief Factory Inspector
A notice under the Factories Act, 1948 has been issued by the Chief Factory Inspector, Bilaspur on March 9,
2011 after the accidental death of one of the labourers engaged in the setting up of 270 MW power plant which
occurred on March 7, 2011. The erection work for setting up the said power plant has been allotted to M/s.
Cethar Vessels Private Limited, which had sub-let the same to M/s. Padamja System and Services Private
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