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AJR Infra And Tolling Ltd - Termination Of Corporate Insolvency Resolution Process Against Sikkim Hydro Power Ventures Limited, Wholly-Owned Subsidiary Of The Company
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13 Jun 2022
In continuation of the Company&apos;s intimation dated 11th August, 2020 regarding admission of Sikkim Hydro Power Ventures Limited, wholly-owned subsidiary of the Company (&apos;SHPVL&apos;) for Corporate Insolvency Resolution Process (&apos;CIRP&apos;) by the Hon&apos;&apos;ble National Company Law Tribunal, New Delhi Bench (&apos;NCLT&apos;) under Section 9 of the Insolvency And Bankruptcy Code, 2016 (&apos;IBC&apos;), pursuant to Regulation 30 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, we inform you that based on an application under Section 12A of IBC moved by Mr. Devvart Rana, Resolution Professional (&apos;RP&apos;) intimating the Hon&apos;ble NCLT about the settlement of matter between the parties, clearance of all dues and fees, the Hon&apos;&apos;ble NCLT has vide Order dated on 3rd June, 2022, terminated the CIRP proceedings, discharged the RP and allowed ex-management of SHPVL to take up the management of SHPVL.
View all announcements for AJR Infra And Tolling Ltd Source: BSE India