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Arshiya informs about dislosure

20 Feb 2023 Evaluate
Arshiya has informed that in the matter of Arshiya Northern FTWZ ('ANFL'), a wholly owned material subsidiary of Arshiya ('the Company'), the Hon'ble National Company Law Appellate Tribunal ('NCLAT'), Delhi has vacated stay on the order directing initiation of Corporate Insolvency Resolution Process ('CIRP') under the Insolvency Bankruptcy Code, 2016 ('IBC'); In view of the same CIRP has commenced against ANFL.

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

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