ARSHIYA LIMITED - Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosures Requirements) Regulations, 2015 As Amended

Arshiya Limited - Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosures Requirements) Regulations, 2015 As Amended

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06 Jan 2023
In continuation to the company's letter dated December 27, 2022, this is to inform you that in the matter of Arshiya Northern FTWZ Limited (ANFL) i.e. a Wholly Owned Subsidiary of Arshiya Limited, vide Company Petition No. (IB) 3080 (MB)/2019 the Hon'ble National Company Law Tribunal (NCLT), Mumbai has ordered and directed to initiation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency Banckurptcy Code, 2016 against ANFL vide it's Order dated 23rd December 2022, however, considering the facts of the case the Hon'ble National Company Law Appellate Tribunal (NCLAT), by its order dated 6th January 2023 in Company Appeal (AT) (insolvency) No.23 of 2023 stayed the operation of the Order dated 23rd December 2022 passed by the Hon. NCLT, Mumbai.
View all announcements for Arshiya Limited	Source: BSE India

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