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Oil Country Tubular informs about CIRP

30 Jul 2021 Evaluate
Oil Country Tubular has informed that the Corporate Insolvency Resolution Process ('CIRP') has been initiated against the Company under the provisions of Section 7 of the Insolvency and Bankruptcy Code, 2016 ('IBC') by the National Company Law Tribunal, Hyderabad Bench ('Adjudicating Authority'), vide Order dated 28th January 2020, in CP (IB) No.220/07/HDB/2019 ('Order'). The current status of CIRP is enclosed.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1268.00
Tata Steel 184.75
Steel Authority 180.00
Jindal Stainless 746.45
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