Setubandhan Infrastructure Ltd - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

This is to inform you that Setubandhan Infrastructure Limited ('the Company') has been admitted into Corporate Insolvency Resolution Process ('CIRP') under the Insolvency and Bankruptcy Code, 2016 ('IBC') vide order of NCLT, Mumbai Bench dated 28.11.2022 and Mr. Sandeep D. Maheshwari (Reg. No. IBBI/IPA-001/IP-P00640/2017-2018/11093), the undersigned, has appointed as the Resolution Professional ('RP'). As per Section 17 read with Section 23 of IBC, the powers of the Board of Directors of the Company have been suspended and the management of the Company now rests with the RP. By virtue of the powers conferred upon on the RP of the Company, the following financial statements inter alia have been considered by the RP on Tuesday, 30th May 2023 at 3.00 p.m. and concluded at 3.30 p.m. at registered office of the RP - 1. Considered and approved Unaudited Financial Results for December 2022.