UB Engineering Ltd has informed BSE that the Company was earlier registered with BIFR as case no.63/2015 dated May 18, 2015.
With the Notification dated November 25, 2016 of Sick Industrial (Special Provisions) Repeal Act, 2003 by Government of India, reference with BIFR was abated with effect from December 01, 2016. Consequent to abatement, Companies are permitted to make reference to the National Company Law Tribunal (NCLT) under Insolvency & Bankruptcy Code 2016 (IBC) within 180 days. Accordingly, the Company has made reference to the National Company Law Tribunal (NCLT).
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