In continuation of our intimation vide our disclosure dated February 26, 2024, we hereby inform you that the Hon''ble National Company Law Tribunal, Mumbai has orally pronounced an order today i.e. February 27, 2024, approving the resolution plan submitted by IndusInd International Holdings Ltd. with respect to the corporate insolvency resolution process of the Company under section 31 of the IBC ('Approved Resolution Plan').
Please note that this disclosure is being made pursuant to the oral pronouncement of order by the Hon'ble NCLT.
A detailed disclosure shall be made upon the written order being made available - which shall inter alia contain the details on the treatment of existing securities of the Corporate Debtor under the Approved Resolution Plan, as required under the Listing Regulations and the Guidance.
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