Comments
The Committee of Creditors of Sujana Universal Industries Limited have approved a resolution plan submitted by Triterras Holdings Pte Limited and Invent Assets Securitisation and Reconstruction Private Limited.
The company has been going through the Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal under the Insolvency and Bankruptcy Code, (IBC), 2016. Ramakrishnan Sadasivan, the Resolution Professional, informed that the COC members accounting for 80.64 per cent of the voting shares were in favour of the plan.
The approved plan would be filed with the NCLT shortly for its approval.
The e-voting portal was kept open during September 21 and closed on September 22, 2020 at 7 PM.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.