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Praxis Home Ret
BSE: 540901NSE: PRAXISISIN: INE546Y01022

18th-Apr-2021 20:46Source: BSE

Praxis Home Retail Limited - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

We wish to inform you that a petition has been filed under section 9 of the Insolvency and Bankruptcy Code, 2016 ('IBC') by M/s. Koncepts Interior, Operational Creditor of the Company, before the National Company Law Tribunal - Mumbai Bench ('NCLT, Mumbai') alleging to default in payment of invoice(s) amounting to Rs. 1,00,65,914.30 and seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Company.

The Company is seeking appropriate legal advice and take all appropriate steps to protect its interest in the aforesaid matter.