Starlite Components NCLT Approves Resolution Plan Amendments

Key Details

• The Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT) has pronounced an order partially allowing the prayers made by Starlite Components Limited in its application
• The application sought amendment to the Resolution Plan to facilitate necessary compliance with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 (SCRR)
• The company is in the process of taking necessary steps to give effect to the aforesaid order
• The company will undertake consequential compliances as applicable

Next Steps

The company is proceeding with implementation of the NCLT order and completing required regulatory compliances resulting from the partial approval of their Resolution Plan amendment application.