Others

Gujarat Foils Ltd. - Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015

| Updated on September 15, 2018

In continuation to the Letter of Intimation to Stock Exchanges dated August 29, 2018 in respect of Application for Liquidation under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, Mr. Alok Kailash Saksena, Resolution Professional ("RP") appointed by Honble National Company Law Tribunal, Ahmedabad Bench vide order dated November 30, 2017 filed Application for Liquidation on September 11, 2018 and the same was intimated to our good office on September 15, 2018.

Resolution Professional("RP") has placed Resolution Plan before Committee of Creditors (CoC) for their approval in accordance with the provisions of Insolvency and Bankruptcy Code, 2016 and the rules and regulations framed thereunder. On account of less than 66% of the votes being cast in favour, the aforementioned approval of the CoC could not be obtained.

The Extended Moratorium period of 90 days as ordered by Honble NCLT Ahmedabad Bench completed on August 27, 2018 . During the moratorium period no Resolution Plan was approved by COC henceforth liquidation Application is filed herewith Honble NCLT Ahmedabad Bench.

This is for your information and record.

Pdf Link: Gujarat Foils Ltd. - Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015

Source : BSE - www.bseindia.com

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 15, 2018
This article is closed for comments.
Please Email the Editor