Mount Shivalik Industries has informed that pursuant to the Hon'ble NCLT, Jaipur Bench oral order u/s 31 of Insolvency & Bankruptcy Code, 2016, dated 13th October 2021 approving the Resolution Plan submitted by Kals Distilleries in respect of Mount Shivalik Industries (MSIL) the Resolution Professional has been discharged from her role as the Resolution Professional of the Company, on and from the date of the NCLT Approval Order (Written order awaited). Impact on existing Shareholders: The paid-up share capital of MSIL stands fully written off on approval of Resolution Plan and the existing shares shall be delisted from stock exchange (Written order awaited).
The information is part of company’s filing submitted to the BSE.
