The approval was granted vide Order dated 18th August 2026 passed in IA (IBC)(Plan)/58/MB/2026 in CP (IB) No. 865 of 2022 under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company acted as the Successful Resolution Applicant (SRA) in this process.
The company received a copy of the NCLT Order from the Resolution Professional on 20th August 2026. This disclosure is made to the Stock Exchange pursuant to the applicable provisions of Regulation 30 of the SEBI LODR Regulations, read with Schedule III, Part A, Para A.
The approval of the Resolution Plan by the NCLT marks a significant milestone in the company's resolution and investment activities.