gayatri projects limited - Edelweiss

Govt. of India and South Indian Mills Association vs. Gayatri sugars limited(. WP No. 6623 of 2004) at Honorable HighCourt of Andhra Pradesh, HyderabadFor the year 2003-04 the company along with other members of South Indian Sugar Mills Association (SISMA) filed writpetitions challenging the Statutory Minimum Price (SMP) as declared by Central Government on various reasons. StateGovernment filed its counter affidavit with writ petition no.6623 of 2004 which is pending before the Honorable High Courtfor arguments. It may be noted that the company has already paid the SMP as declared by the Government. Hence nofurther liability on this account arises.Govt. of India vs. Gayatri sugars limited at Honorable High Court of Andhra Pradesh, Hyderabad and High Court ofDelhi.Release order mechanism. The company has challenged the release order mechanism of the central government by applyingprovisions of sugar control order of 1966 made under Sec. 3 of essential commodities act for the year 2002-03. Interimorders received by the High Courts, however main WP are still pending for final hearing and disposal. There is no changein the Status so far.APERC, AP Transco vs. Gayatri sugars limited at Honorable High Court of Andhra Pradesh, HyderabadGayatri Sugars Limited filed appeal before Appellant Tribunal, at New Delhi, vide appeal no.67 of 2005 along with otherSugar Mills Association of South India (SISMA), against order dated 20 th March, 2004 in RP no 84 of 2003 in OP no 1075of 2000 passed by APERC wherein the tariff payable to the energy developers by AP Transco was revised. The Companyfiled appeal before Appellant Tribunal, New Delhi against the orders passed by APERC. Appeal is posted for final hearing.Ganapathi Sugars vs. Cane Commissioner and Gayatri sugars limitedGanapathi Sugars a neighboring sugar factory challenged the zone declaration issued by Cane Commissioner in favour ofGSR Sugars on the ground that the Company is not in existence. GSR Sugars has filed its counter to the same and thematter is pending before Honorable High Court of Andhra Pradesh.Labour CaseMr. D Shyam Sunder vs. Gayatri sugars limited (WC no. 265 of 2004.) at Asst. Commissioner of Labour, NizamabadOne Sri D Shyam Sunder on Nominal Muster Roll (NMR) of the company filed petition under Workmen Compensation Actbefore Assistant Commission of Labour, Nizamabad, for workmen compensation .He claimed compensation of Rs 4 Lakhs.The Company filed a reply. As all the workmen are covered under insurance policy the Company prayed the court for inclusionof the insurance company in the above case as opposite party. Company filed a reply and the matter is referred to Asst.Commissioner of Labour, Nizamabad. There is no change in the Status so far.159