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BSE: 504008NSE: EMCOISIN: INE078A01026

27th-Aug-2019 18:27Source: BSE

Emco - Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Corporate Applicant

The National Company law Tribunal vide its order dated 22/07/2019 received on 16/08/2019 (Copy of order attached) has admitted a plea filed by operational creditors who initiated Corporate Insolvency Resolution Process (CIRP) against EMCO Limited under the Insolvency and Bankruptcy Code 2016 (IBC). NClT has appointed Mr. Kedarram Ramratan laddha as Interim Resolution Professional under t he provisions of the IBC.

Public Announcement made by IRP in form "A" is attached herewith.

Now, under the CIRP process, the Resolution Professional and Committee of Creditors will take charge of EMCO management and shall work towards implementation of Resolution Plan.

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