Dear Sir/Madam
Pursuant to the oral order pronounced by the National Company Law Tribunal (NCLT) on 30th April 2020 the resolution plan filed on 7th May 2019 with the NCLT Mumbai Bench and submitted by a consortium of Carval Investors LLP New York and Nithia Capital Resources Advisors LLP Middlesex United Kingdom stands approved.
We are informing the Exchanges about the above development based on the oral pronouncement of the order as a matter of good governance. An updated disclosure shall be filed and upon the detailed order being made available.
This is for your information and records.
Ask Value Research 
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