With reference to above mentioned subject and in continuation of our earlier letter dated 20th March , 2022 , please find attached the Order passed by the Hon'ble NCLT on 22nd March 2022 , received by the Company on 25th March , 2022.
The Hon''ble National Company Law Tribunal (NCLT) vide their order dated 22nd March 2022 has allowed IA - 1273/2022 in application 1770/ND / 2019 titled as 'Pioneer Formwork Private Limited Vs. M/s B.L. Kashyap and Sons Limited as the matter was amicably resolved and settled with the Applicant Pioneer Formwork Private Limited and Corporate Debtor released from the rigors of the Insolvency Process initiated by the Order dated 15.03.2022. Further IRP relieved of his duties under IBC 2016.
The above may kindly be treated as disclosure pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
This is for your necessary information and record.
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