On 30 September, creditors had rejected a resolution plan submitted by sole bidder Space Mantra Pvt. Ltd.
A Press Trust of India report at the time pegged the bid at ₹550 crore, adding it was close to the company’s liquidation value.
“…the resolution professional has filed an application before the National Company Law Tribunal (NCLT), Mumbai bench, for initiation of liquidation of FRL under Section 33 of the Insolvency and Bankruptcy Code, 2016 on 9 November," the company said in a statement to the stock exchanges.
Bu hikaye Mint Mumbai dergisinin November 11, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin November 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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