Kwality: Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 | Value Research

Kwality: Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

In furtherance to our earlier communique dated January 19 2022 whereby it was intimated inter alia that as per the order dated December 21 2021 passed by Honble Adjudicating Authority NationalCompany Law Tribunal New Delhi Bench-III (NCLT) in I.A. No. 5208 of 202 filed by the successfulbidder viz. Sarda Mines Private Limited (SMPL) SMPL has deposited full consideration of INR 121Crores together with interest (after deducting TDS) (where such interest portion is sub-judice and issubject to the outcome of the directions of the Honble NCLT in I.A. No. 5208 of 2021) for sale ofKwality Limited (In Liquidation) as a going concern under the provisions of the Insolvency &Bankruptcy Code 2016 (IBC) and the Insolvency & Bankruptcy Board of India (Liquidation Process)Regulations 2016 (Liquidation Regulations) framed thereunder

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