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Indowind Energy informs about disclosure

20 Nov 2023 Evaluate

Indowind Energy has informed that it enclosed the detailed Order passed by Honorable NCLT Chennai Bench for withdrawal of Corporate Insolvency & Resolution Process of the Company with effect from 8th November 2023 for your reference. As per the order: • The withdrawal of CIRP application admitted under Section 7 of the IBC 2016 vide order dated 21.03.2022 is allowed. • The Corporate Debtor is released from all rigours of the IBC, 2016. • The Interim Resolution Professional is discharged from all his responsibilities. Corporate Debtor shall operate through its own board. • Accordingly, IA (IBC)/1816(CHE) 2023 stands allowed and IBA/650/2020 stands dismissed as withdrawn.

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

Peers
Company Name CMP
NTPC 324.80
Tata Power 363.70
Adani Power 199.60
Power Grid Corpn. 265.90
Adani Energy Solut. 1340.50
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