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Fedders Electric & Engineering informs about outcome of CoC meeting

23 Jan 2020 Evaluate

With reference to earlier letter dated 10th January, 2020, where in it had intimated the Stock Exchanges about the holding of the 6th Meeting of the Committee of Creditors (‘CoC’) of company (‘Corporate Debtor’) has informed that pursuant to the provisions of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the 6th meeting of CoC was held on 16th January, 2020 at 03:00 PM at the State Bank of India, 12th  Floor, Stress Asset Management Branch, Jawahar Vyapar Bhawan, STC Building, 1, Tolstoy Marg, Janpath, New Delhi- 110001 and the CoC  discussed and approved extension of timeline for submission of Resolution Plan by the Prospective Resolution Applicants. Approved with 99.34% Votes; and extension of time for completion of CIRP by another 90 days, that is, till 10.05.2020 and filing of necessary application before Honorable NCLT, Allahabad Bench for approval.-Approved with 99.34%Votes. The above information may be treated as disclosure under Regulation 30 read with Part A of Schedule lll of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
 
The above information is a part of company’s filings submitted to BSE.

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