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The Amalgamated Electricity Company Limited was incorporated in the year June 17th, 1936. The Company provides a wide range of consultancy and management services. The Hon'ble High Court at Mumbai, while reviewing the LPA of Company challenging the judgement dated 24th September, 2011 of the Estate Officer as well as the order dated 2nd April had ruled that the Company is liable to pay reduced rent/ compensation @ Rs 125/- per sq. ft and interest @ 9% for the area occupied by the company from 1st September, 2007. Consequently, the company was liable to pay rent/ compensation from 1st September, 2007 to 31st March, 2013 together with interest. The Company thereafter filed a Special Leave Petition before the Hon'ble Supreme Court in April, 2013 which was disposed off on 10th May, 2013. Further to dismissal of Special Leave Petition by the Hon'ble Supreme Court, the Company handed over peaceful possession of premises to Dena Bank on 9th November 2013. As Company handed over peaceful possession of premises to Dena Bank and as Dena Bank has not initiated any further legal steps in any other court, the Company does not foresee any other liability vide a legal opinion.