Visa Steel has informed that the application filed by State Bank of India (SBI) to initiate Corporate Insolvency Resolution Process (CIRP) for the Company, under the Insolvency and Bankruptcy Code, 2016 has been dismissed by the Honble National Company Law Tribunal (NCLT), Cuttack Bench vide its Order dated 25 June 2019.
The above information is a part of company’s filings submitted to BSE.