Dear Sir(s),
Please note that the Resolution Plan submitted by Hazel Mercantile Limited (Resolution Applicant) in the CIRP of Reliance Naval and Engineering Limited that was approved by the members of committee of creditors of the Company (CoC) in their meeting, has now been approved/allowed by
the Hon'ble National Company Law Tribunal, Ahmedabad Bench (NCLT) on December 23, 2022.
A copy of said order has already been provided to the relevant Stock Exchanges by a disclosure dated December 29, 2022.
The CIRP of the Company has therefore concluded and Mr. Sudip Bhattacharya has ceased to be the resolution professional of the Company, effective on and from December 23, 2022.
You are requested to take the above on record.
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