Fedders Electric and Engineering has informed that the 4th Meeting of the Committee of Creditors (CoC) of the company was held on Tuesday, 26th November, 2019 at 03:00 PM at State Bank of India, 12th Floor, Stress Asset Management Branch - 1, Jawahar Vyapar Bhawan, STC Building, 1, Tolstoy Marg, Janpath, New Delhi - 110001, and the CoC discussed and approved the following items which were put up for voting by the Members of CoC: Approval to Revise the Invitation of Expression of Interest sought from Prospective Resolution Applicants (PRA's) and various actions to be initiated therein- Approved with 99.63% Votes; Approval of 'Evaluation Matrix' as per Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 (Evaluation Matrix for Corporate Debtor as a whole and Evaluation Matrix for AC/HVAC Business either separately or in combination with other business)- Approved with 99.33% Votes; Approval of 'Evaluation Matrix' as per Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 (Evaluation Matrix for Slump Sale of; Steel Structuring & Fabrication Division; Power Projects Division; Overhead Electric Line Division; and Wind Mill Tower Division; of the Corporate Debtor either separately or in combination -Approved with 99.33% Votes.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
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Jyoti Structures | 26.30 |
Neueon Towers | 2.49 |
Neccon Power & Infra | |
Sterlite Power | |
Advance Powerinf.Tec | |
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