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SUPREME TEX MART LTD. - Intimation For Extension Of Time In Completion Of Corporate Insolvency Resolution Process ('CIRP') Of Supreme Tex Mart Limited
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30 Mar 2018
That in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and this is further to our intimations regarding the application filed by Allahabad Bank for initiation of Corporate Insolvency Resolution Process (&apos;CIRP&apos;) for Supreme Tex Mart Limited under Insolvency and Bankruptcy Code, 2016 (&apos;IBC 2016&apos;) before National Company Law Tribunal, Chandigarh order dated 29.09.2017 and appointment of Mr. Bhupesh Gupta as an Interim Resolution Professional (&apos;IRP&apos;) for carrying out the CIRP of the company order dated 11.10.2017. As per decision taken in the first meeting of the committee of Creditors held on 09.11.2017, Mr. Bhupesh Gupta continued as Resolution Professional (RP) for Supreme Tex Mart Limited.&lt;BR&gt; &lt;BR&gt; In terms of the majority decision taken in the meeting of the committee of Creditors an application was filed by Mr. Bhupesh Gupta, Resolution Professional seeking extension of time for a period of 90 days for completion of resolution process. The Hon&apos;ble NCLT, Chandigarh vide order dated 23.03.2018 has allowed the same and grant extension of 90 days for completion of CIRP.&lt;BR&gt;
View all announcements for SUPREME TEX MART LTD. Source: BSE India