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Ushdev International Ltd. - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

| Updated on February 08, 2019 Published on February 08, 2019

We refer to the intimation made on January 28, 2019 for 15th Meeting of Committee of Creditors (COC) and would further like to inform you that the said meeting was conducted on February 02, January, 2019 to provide business and Corporate Insolvency Resolution Process (CIRP) updates and discussion was held between CoC members and the Resolution Applicant on the resolution plan presented by the Resolution Applicant.

The e-voting for consideration of the Resolution Plan held at the 15th meeting of the CoC commenced on Monday, February 04, 2018, at 04:15 p.m. and concluded on Tuesday, February 05, 2018, at 04:15 p.m. The said Resolution Plan was rejected by the members. A petition has been submitted for liquidation to the NCLT, Mumbai Bench pursuant to section 33(1) of IBC Code, 2016 and the decision of NCLT is awaited on the same.

This letter may be treated as communication under Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Source : BSE - www.bseindia.com

Published on February 08, 2019
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