Syschem (India) has informed that the company has received Legal Notice on behalf of Atul Chaubey and Rama Atul Chaubeyto make payment of Rs 40,40,000 under section 140 of India Contract Act, 1872, as they have provided personnel guarantee on behalf of the Company to Punjab National Bank against the Loan sanctioned by the Bank during the year 2011-12 and 2012-13 .
The above information is a part of company’s filings submitted to BSE.