The Company is undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to the Order of the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench dated 21st October 2021. In this order, the Hon’ble NCLT has appointed Mr. Girish Siriram Juneja with IP Registration No. IBBI/IPA-001/IP-P00999/2017-2018/11646, as the Interim Resolution Professional (IRP) to carry out the functions as mentioned under the Insolvency & Bankruptcy Code, 2016 (IBC). Further, the Committee of Creditors (CoC) at its meeting dated 28.01.2022 appointed IRP as the Resolution Professional (RP). The Resolution Plan filed by the RP for approval of the Hon’ble NCLT is pending as on date.
Pending this, related applications were filed before NCLAT, New Delhi which have been dismissed. Consequent to this, applications were filed before the Hon'ble Supreme Court of India and the matter is still pending before the apex court.

The Company is undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to the Order of the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench dated 21st October 2021. In this order, the Hon’ble NCLT has appointed Mr. Girish Siriram Juneja with IP Registration No. IBBI/IPA-001/IP-P00999/2017-2018/11646, as the Interim Resolution Professional (IRP) to carry out the functions as mentioned under the Insolvency & Bankruptcy Code, 2016 (IBC). Further, the Committee of Creditors (CoC) at its meeting dated 28.01.2022 appointed IRP as the Resolution Professional (RP). The Resolution Plan filed by the RP for approval of the Hon’ble NCLT is pending as on date.
Pending this, related applications were filed before NCLAT, New Delhi which have been dismissed. Consequent to this, applications were filed before the Hon'ble Supreme Court of India and the matter is still pending before the apex court.