As you are aware the Company is under Corporate Insolvency Resolution Process as per Order dated 23rd March, 2018 issued by the Honble National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT has vide its Order dated 6th August, 2018 appointed Mr. Udayraj Patwardhan (Reg. No. IBBI/IPA-001/IP-P00024/2016-2017/10057) as the Resolution Professional of our Company.
The Committee of Creditors (CoC) at its last meeting have resolved that the Company may be liquidated under liquidation as a Going Concern. In this regard the Resolution Professional has filed necessary application with the NCLT Court, Mumbai,
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/petron-engineering-construction-ltd-corporate-insolvency-resolution-process-cirp-liquidation-corporate-insolvency-resolution-process-cirp/article26819125.ece