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Uniply Industries: Announcement under Regulation 30 (LODR)-Appointment of Interim Resolution Professional (IRP)

Dear Madam/ Sir

Pursuant to Regulation 30 of SEBI (listing Obligations and Disclosure Requirements) Regulations 2015 (LODR) and in accordance with the requirements of sub-clause 16(c) of Clause A of Part A of Schedule III of LODR we wish to inform you that National Company Law Tribunal Chennai Bench (NCLT) in the matter MA/101/CHE/2021 in IBA/751/2020 has pronounced the order for admitting the Company into the Corporate Insolvency Resolution Process (CIRP).

Further Honble Bench has also pronounced the order for appointment of Mr. Lingumgunta Venkata Shyam Sundar having registration number IBBI/IPA-002/IP-N00262/2017-18/10775 as the interim resolution professional of the Corporate Debtor (Interim Resolution Professional).

However this is an ex-parte order and there were a series of payments made to the said creditor which were denied by them in the Honble NCLT. On the basis of this the company will go for an appeal shortly.

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