63 moons technologies discloses NCLT order concerning insolvency resolution of its non-material subsidiary Ticker Limited's associate, Baron Infotech.
NCLT Hyderabad directs Resolution Professional to consider contentions raised by prospective Resolution Applicant Vivek Kumar Ratakonda.
Resolution Plan approved by CoC for Baron Infotech is not final as it awaits NCLT approval amidst ongoing procedural disputes.
Disclosure is made pursuant to SEBI LODR regulations regarding subsidiary restructuring and material corporate events.