Shilpi Cable Technologies Limited informed the exchanges that the resolution plan submitted by a resolution applicant was put up for the approval of the committee of creditors (CoC) in the Twelfth CoC Meeting of Shilpi Cable Technologies Limited, in accordance with the Insolvency and Bankruptcy Code, 2016 and the rules and regulations framed thereunder. On account of less than 66% of the votes being cast in favour, the aforementioned approval of the CoC could not be obtained.
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