| Updated on November 11, 2016 Published on November 11, 2016

SVOGL Oil Gas And Energy Ltd has informed BSE that CDR Scheme of the Company was approved by CDR-EG on January 24, 2014 and was implemented successfully. However, due to certain reasons beyond the control of the management, the Company could not show progress.

However, the lending institutions/ banks have decided to get exit the Company from CDR mechanism. The lenders gave their mandate and the CDR-EG has conveyed the decision that the account of SVOGL Oil Gas And Energy Ltd. stands exited from the CDR system on account of failure of approved restructuring package. Accordingly, the SDR package has also been revoked.

Pdf Link: >Updates

Source : BSE - >www.bseindia.com

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Published on November 11, 2016
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