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Proseed India
BSE: 590057NSE: PROSEEDISIN: INE217G01027

24th-Jul-2019 19:48Source: BSE

Proseed India - Initiation Of CIRP Commencement Of Proseed India Limited

Pursuant to an Order dated 23rd July, 2019 of the National Company Law Tribunal, Hyderabad Bench, Corporate Insolvency Resolution Process (''CIRP'') has been initiated for Proseed India Limited (''Company'' or ''Corporate Debtor'') as per the provisions of the Insolvency and Bankruptcy Code, 2016.
The NCLT has also appointed Mr. Venka Reddy Bathina as the ''Interim Insolvency Resolution Professional'' under Section 13(1) (C) of IBC, 2016.

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