In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has passed an order for initiation of Corporate Insolvency Resolution Process (‘CIRP’) under the provisions of Insolvency and Bankruptcy Code, 2016.
The Company has filed an appeal against this Order with the National Company Law Appellate Tribunal.
Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.590.15 as compared to the previous close of Rs. 586. The total number of shar…
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