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Viaan Industries informs about appointment of interim resolution professional

17 Mar 2022 Evaluate
Viaan Industries has informed that the Corporate Insolvency resolution process (CIRP) of Viaan Industries Limited commenced on March 11, 2022 vide order of the Hon'ble National Company Law Tribunal. Mr. Prakash Dattatraya Naringrekar has been appointed as the Interim Resolution Professional vide the said order. Pursuant, to the order of Commencement of Insolvency Resolution process and in consonance with the stipulation contained in Section 17 of the IBC, 2016, the powers of the Board of Directors of the Company stand suspended and are vested in and exercised by Prakash Dattatraya Naringrekar, Interim Resolution Professional. As per the said order Viaan Industries is under CIRP no action can be initiated against the company during this period pursuant to Section 14 of IBC 2016 A copy of the order is attached.

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

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