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Videocon Ind

22nd-Sep-2021 14:27Source: BSE

Videocon Industries - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

This is to inform you that the Hon'ble National Company Law Tribunal, Mumbai bench (the 'NCLT') has passed an order dated August 31, 2021 (the 'Order') against certain Directors, former Directors/Promoters and Officials of Videocon Industries Limited (the 'Company') and of seven other Companies viz. Sky Appliances Limited, Value Industries Limited, Evans Frasers & Co. (India) Limited, CE India Limited, Century Appliances Limited, Videocon Telecommunication Limited, and Millennium Appliances India Limited forming part of consolidated corporate insolvency resolution process of 13 Videocon group companies. The Order was passed in a petition filed by the Ministry of Corporate Affairs, Union of India through the Joint Director, working in the office of Regional Director (Western Region), Mumbai under Section 241-242 and other relevant provisions of the Companies Act, 2013.