The Company informs your good Office that the Resolution Professional with the approval of Committee of Creditors of the Company had filed an application before Honble NCLT, Mumbai seeking extension of the period of Corporate Insolvency Resolution Process (CIRP) of the Company by 90 days in terms of Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The application was heard on 30th October, 2018 and Honble NCLT, Mumbai has granted an extension of the CIRP period of the Company by 90 days from the date of the Order. Therefore CIRP timeline is extended till 28th January 2019. The Honble NCLT Order dated 30th Oct, 2018 is annexed to this notification.
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