RELIANCE NAVAL AND ENGINEERING LTD - Order For Extension Sought In The Repavment Schedule By The Adjudicating Authority, National Company Law Tribunal, Ahmedabad ("''NCLT')

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Reliance Naval and Engineering Ltd - Order For Extension Sought In The Repavment Schedule By The Adjudicating Authority, National Company Law Tribunal, Ahmedabad ("''NCLT')

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22 Dec 2023
Hazel Merchantile, the successful Resolution Applicant ("SRA"), alongwith its Strategic Investor, Swan Energy Ltd, had filed an Interlocutory Application No. 1006 of 2023 on September 12, 2023 proposing a revised payment schedule for payment to the creditors of the Corporate Debtor and accordingly had sought extension of 1 (one) year for making payment of the second tranche of Rs. 312 crore, which was due on December 23, 2023. In this regard, the Hon''ble NCLT has allowed the application filed by SRA and has granted exention of 1 (one) year for payment of the second tranche as agreed between the financial creditors and the SRA as mentioned in the Order.
View all announcements for Reliance Naval and Engineering Ltd	Source: BSE India

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