Reliance Naval and Engineering Ltd - Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal
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| 29 Dec 2022 | |
| Sub: Order regarding approval of the resolution plan by the Adjudicating Authority Dear Sir(s), This is further to our disclosures dated December 23, 2022, whereby it was intimated by the Company that vide an order pronounced orally on December 23, 2022, the Ahmedabad bench of the National Company Law Tribunal (''NCLT') approved the resolution plan submitted by Hazel Mercantile Limited ('Resolution Applicant') in the corporate insolvency resolution process of the Company ('Resolution Plan'). This is to further intimate you that a written order approving the aforesaid Resolution Plan has been published by the Hon'ble NCLT on December 28, 2022 ('Order'), which sets out in detail the provisions of the Resolution Plan (including the financial proposal, treatment of claims of stakeholders of the Company). A copy of the aforementioned written Order is annexed hereto as Annex A. The above is for your information and record. | |
| View all announcements for Reliance Naval and Engineering Ltd | Source: BSE India |
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