With reference to its letter dated February 09, 2024, the company had intimated to the exchange that the National Company Law Tribunal – Allahabad Bench (‘NCLT, Allahabad’) in its order dated February 02, 2024 has rejected the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) by Mosco International Commodities. In furtherance to above, SBEC Sugar has informed that the Mosco International Commodities has filed an appeal before the National Company Law Appellate Tribunal, New Delhi against the order passed by the National Company Law Tribunal – Allahabad Bench (‘NCLT, Allahabad’) dated February 02, 2024. The advance copy of the appeal has received by the Company on March 11, 2024.
The above information is a part of company’s filings submitted to BSE.