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M/s Alchemist Asset Reconstruction Company Limited,financial creditor of MBIL had filed an application under Sec. 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) before NCLT for initiation of Corporate Insolvency Resolution Process (CIRP). 2. That the said application for CIRP has since been admitted by the Adjudicating Authority vide order dt. 14.11.2017 & consequent upon such admission, CIRP has commenced wef 14.11.2017. 3. That pursuant to the admission of application for CIRP, the Adjudicating Authority has appointed Mr. Devendra Singh, a Director with Witworth Insolvency Professionals Pvt Ltd, as Interim Resolution Professional (IRP). 4. Further, pursuant to SEBI (LODR) Reg., 2015, Notice is hereby given that IRP will consider & take on record the un-audited financial results of the Company for quarter/half year ended on Sept. 30, 2017 on 14.12.2017. In this connection, we would like to further inform that Company has adopted IND-AS for the first time from current FY(2017-18)
Source : BSE - www.bseindia.com
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