Dear Sir,
Subject: Intimation of initiation of Corporate Insolvency Resolution Process (CIRP) and appointment of Interim Resolution Professional (IRP) u/s 9 of Insolvency and Bankruptcy Code 2016
I hereby intimate your good office that Corporate Insolvency Resolution Process (CIRP) has been initiated in respect of VA TECH WABAG LIMITED under the provisions of Insolvency and Bankruptcy Code, 2016 (Code) by an order of National Company Law Tribunal (NCLT) with effect from 06th October, 2017.
As per section 17 of the Code, the powers of the Board of Directors of VA TECH WABAG LIMITED stands suspended and such powers shall be vested with me (Pathukasahasram Raghunathan Raman (P.R. Raman)) having IP Registration No. IBBI/IPA-002/IP-N00295/2017-18/10896, appointed as the Insolvency Resolution Professional.
Pathukasahasram Raghunathan Raman (P.R. Raman)
Interim Resolution Professional
IBBI/IPA-002/IP-N00295/2017-18/10896
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