ज्यादा पढ़ी गई:
Kindly refer to our disclosures pertaining to admission of the Company under CIRP under the provisions of I&B Code.In this regard we would like to inform you that in Interlocutory Application filed by the Resolution Professional Intervention Petition filed by Ms. Kavita Kapahi Director (power suspended) and IA filed by Asset Reconstruction Company (India) Ltd. the Honble NCLT Mumbai inter alia passed the following common order on October 1 2024:(i) Insolvency Commencement Date ("ICD") as defined under section 5(13) of the I & B Code stands fixed at February 22 2023;(ii) ICD remains February 22 2023 and all CIRP related activities have to be reckoned from that date only;(iii) Moratorium under section 14 continues to be applicable from February 22 2023;(iv) All the transactions and appropriations undertaken during the stay period shall be reversed and the amounts shall be remitted back to the account of the Co. within 4 weeks from the date of order
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