Valecha Engineering has informed that Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has passed an order on 09.10.2023 in Company Petition no. CP (IB) No. 360/MB/2023 filed by Canara Bank, the Financial Creditor/ Petitioner, under section 7 of Insolvency & Bankruptcy Code, 2016 (I&B Code) against Valecha Kachchh Toll Roads, Corporate Debtor/Respondent, for initiating Corporate Insolvency Resolution Process (CIRP) (Copy attached). Avil Jerome Menezes, a Registered Insolvency Resolution Professional having Registration No: IBBI/IPA-001/IPP00017/2016-17/10041 has been appointed as Interim Resolution Professional (IRP) to carry out the functions as mentioned under Insolvency & Bankruptcy Code, 2016. Valecha Engineering is holding 3,98,34,970 Equity Shares, 58.15% in Valecha Kachchh Toll Roads.
The above information is a part of company’s filings submitted to BSE.