January 27, 2011

Seller 500 Khaitan Hosthombe ( Physical ) Contact - Vishwas

 I wish to sell 500 Khaitan Hosthombe (physical) 
Please contact quoting rate vishwaasp@gmail.com


Satyakam Mishra said...

KHSL INDUSTRIES LTD is new name for Khaitan Hosthombe. KHSL Industries was latter merged into Khaitan Overseas

Please be aware that KHSL Industries Ltd. (transferor company no. 2) became public limited company in December, 1995 and changed its name to KHSL with effect from 1.6.1990. It again changed its name as KHSL Industries Ltd. with effect from 12.5.1995.

The Company was heavily indebted and was unable to pay its debts. It devised a plan to first change its name to deceive the crteditors and then filed a petition to approve the 'Scheme of Amalgamation' of three closely held companies. The change of name on 12.5.1995 and thereafter the decision to amalgamate with the two companies, and thus change the name to Khaitan Overseas and Finance Ltd. (KHSL) demonstrated that the company was trying to mislead the creditors.

I advise caution while dealing with this company.

Satyakam Mishra

vishwanath said...

Thank you very much for the valuable information which I was not aware of even though I am a shareholder as I had not received relevent notices.