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Sanwaria Consum

23rd-Apr-2021 18:11Source: BSE

Sanwaria Consumer - Intimation On Outcome Of The 8Th Meeting Of Committee Of Creditors (COC) In The Matter Of Sanwaria Consumer Limited Which Is Currently Undergoing Corporate Insolvency Resolution Process (CIRP)

This is to inform you that the Eighth Meeting of Committee of Creditors was successfully convened on Tuesday, 23.03.2021 and adjourned meeting held on 30.03.2021 wherein,
? The Resolution Plans received from the PRAs were discussed and put on vote for selection purpose.
? The e-voting ended on 22.04.2021 at 5:00 pm and none of the Resolution Plans were approved by the members of the COC.
? While rejecting the Resolution Plans, the COC decided to Liquidate the Company.
? An appropriate application further to the voting results for the initiation of Liquidation Process of the Company will be filed accordingly with NCLT.
? Further to inform you that various decisions including commercial decisions were also discussed and put to vote. The same need not be disclosed pursuant to Regulation 30(2) read with Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Kindly take above on record and oblige.