Ocl Iron And Steel has informed about the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of Insolvency and Bankruptcy Code (IBC), 2016, an application (CP (IB) No.111/CTB/2020) for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 was filed by the Indian Bank (the erstwhile Allahabad Bank), in its capacity as a Financial Creditor before the Hon'ble National Company Law Tribunal (NCLT), Cuttack Bench against the Company ('Corporate Debtor'). The Hon'ble National Company Law Tribunal (NCLT), Cuttack Bench has admitted the said application vide its order dated September 20, 2021. A copy of Hon'ble NCLT order dated 20th September, 2021 and intimation sent via Gmail to stock Exchanges are annexed hereto.
The above information is a part of company’s filings submitted to BSE.
