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Siti Networks Ltd - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
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14 Apr 2022
Kindly refer to our disclosure dated March 30, 2022, pursuant whereof we had informed that the Company had been made aware about an application / petition filed under title Housing Development Finance Corporation Limited (&apos;HDFCL&apos;) Vs Siti Networks Ltd. (&apos;the Company&apos;) before the National Company Law Tribunal, Mumbai, (hereinafter referred to as &apos;said case&apos;) pending receipt of copy of said application / petition. In this context, we would like to inform you that the Company has received the notice of said case &#40;CP (IB)414/2022&#41; on April 13, 2022. In the said petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, HDFCL has allegedly claimed that the total amount in default with respect to the financial facility is Rs.296,06,48,008/- as on January 31, 2022. However, the Company is compiling information to verify the facts claimed in said petition filed by HDFCL.
View all announcements for Siti Networks Ltd Source: BSE India