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Showing contexts for: cloud computing services in Zenith Infotech Limited And Others vs Sebi on 23 July, 2013Matching Fragments
4. It is further made clear that the appellants, in the meanwhile, shall neither alienate nor create third party interest in the properties owned and possessed by ZIL.
List this matter for final hearing on May 7, 2013."
4. The brief facts are that there are seven Appellants in the present appeal and Appellant No. 1 i.e. Zenith Infotech Ltd. ("ZIL") is a public limited company incorporated under the Companies Act, 1956 with its registered office at Navi Mumbai. Its shares are listed on the Bombay Stock Exchange Ltd. ("BSE") and the National Stock Exchange Ltd. ("NSE"). ZIL claims to be a leading international company specialising in delivering innovative IT solutions for virtual infrastructures, data storage and backup, and disaster recovery etc. It has about 900 employees in its offices spread across the globe. It had two sets of businesses: firstly; Cloud Computing Business ("CCB") and secondly; Managed Services Division Business ("MSD Business") prior to its (i.e. "MSD's") sale to Continuum Managed Services, LLC ("CMS"), on or about September 23, 2011.