China Infrastructure Investment Corp. is working to recover the amount paid to purchase a land use right from Pingdingshan No. 3 Cement Factory.
The Company entered into an agreement to purchase a land use right from Pingdingshan No. 3 Cement…
Mahanagar Telephone Nigam Ltd. remains in dispute with M&N Publication over claims arising out of contracts for the printing of telephone directories for Delhi and Mumbai.
In 1998, M&N Publication made claims for INR5.415 million against the Company.
Each of these claims…
Vitesse Semiconductor’s lawsuit against its former auditing firm KPMG, LLP is still ongoing, according to the Company’s annual report filed with the Securities and Exchange Commission on Sept. 30, 2008.
On June 13, 2007, the Company filed a lawsuit in the…
Vitesse Semiconductor Corporation states that, on April 4, 2008, a lawsuit filed by Jamison John Dupuy (an individual shareholder of the Company) against the Company was settled on April 4, 2008.
On April 10, 2007, Mr. Dupuy filed the complaint (Case…
Vitesse Semiconductor Corporation continues to cooperate with investigations instituted by office of the U.S. Attorney for the Southern District of New York and U.S. Securities and Exchange Commission’s Division of Enforcement.
In May 2006, the Company received a grand jury subpoena…
Mahanagar Telephone Nigam Ltd. continues to contest the Central Income Tax Authority of India’s demand for payment of taxes on increased taxable income due to disallowed license fees.
The CIT had historically disallowed the license fee paid by the Company…
Mahanagar Telephone Nigam Ltd. is contesting the additional income tax demanded by the Central Income Tax Authority of India relating to the General Provident Fund contributions.
General Provident Fund is a scheme applicable to the Company’s employees who have opted for…
Mahanagar Telephone Nigam Ltd. is involved in lawsuits and claims amounting to INR2.438 billion pending at various authorities, which arise in the ordinary course of the business.
According to the Company’s latest Quarterly Report filed with the U.S. Securities and…
Mahanagar Telephone Nigam Ltd., in its annual report on Form 20-F dated Sept. 25, 2008, disclosed that the outstanding amount of sales tax payments demanded by the state government of Maharashtra pertaining to Mumbai is INR1.099 billion.
The Company has received…
Mahanagar Telephone Nigam Ltd. is contesting the Department of Telecommunications’ INR1.738 billion claim for delayed payment of the Leave Salary and Pension Contributions.
On the formation of the Company, employees were deputed to the Company on deemed deputation status from DOT…