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Withdrawal Of Scheme Of Arrangement

| Updated on February 02, 2018 Published on March 07, 2017

With reference to our earlier letter dated 16th January, 2017 regarding the Scheme of Arrangement between OCL Iron & Steel Limited (‘Demerged Company) and OISL Auto Limited (‘Resulting Company) and their respective shareholders and creditors, which has not been approved by the requisite number of Secured Creditors in their meeting held on 14th January, 2017. We would like to inform you that OISL Auto Limited (‘Resulting Company) has filed a withdrawal application of S.B. Company Petition No. 29 of 2016 along with the said Scheme filed before the Honble High Court of Rajasthan at Jaipur and transferred to Honble Principal Bench of National Company Law Tribunal, New Delhi. The Honble Principal Bench of NCLT, after due deliberations has approved the withdrawal of the said scheme. You are requested to the take the same on records and oblige.

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Source : BSE - www.bseindia.com

Published on March 07, 2017
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