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9th-May-2021 18:19Source: BSE

Ahluwalia Contracts India - Disclosure In Terms Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), 2015 Regarding NCLT Order Dated 05.05.2021 In Case Bearing No.(IB) 2135(ND) / 2019 Titled As ' M/S A2 Interiors Products Pvt.

In terms of Regulation 30 of SEBI (LODR), 2015, wherein the undersigned is to inform your good self-regarding the Judgment dated 5-5-21 passed by the Learned ('NCLT') in (IB) 2135(ND)/2019 titled as ' A 2 Interiors Products Pvt. Ltd. Vs. ACIL. wherein the Insolvency Plea under Section 9 of Insolvency and Bankruptcy Code, 2016 filed by an Operational creditor against ACIL was admitted. There was no admitted liability and the claim was vehemently disputed /denied by ACIL. The Hon'ble NCLT had appointed Mr. Satish Kumar Chugh as the IRP. The Copy of the order was made available to ACIL on 8-5-21. The settlement and requesting him to refrain from proceeding with the CIRP in view of the withdrawal application. The steps to file an Application under Section 12A of the Insolvency and Bankruptcy Code, 2016 for Withdrawal of the Admitted application are underway. The Parties have also agreed to take all requisite and necessary steps for getting the order dated 5.5.21 set aside, jointly.

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