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BSE SENSEX
74,578.88
+848.72
+1.15 %
Corporate Announcement
Security Code
531882
Company
Kwality Ltd
Exchange Received Time
25/01/2022 18:23:17
Exchange Disseminated Time
25/01/2022 18:23:16
Time Taken
00:00:00
Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 |
1/25/2022 6:23:16 PM
In furtherance to our earlier communique dated January 19, 2022, whereby it was intimated, inter alia, that as per the order dated December 21, 2021 by Hon'ble Adjudicating Authority, National Company Law Tribunal (NCLT), the successful bidder viz. Sarda Mines Private Limited (SMPL) has deposited full consideration of INR 121 Crores together with interest (after deducting TDS) (where such interest portion is sub-judice and is subject to the outcome of the directions of the Hon'ble NCLT in I.A. No. 5208 of 2021) for sale of Kwality Limited (In Liquidation) as a going concern under the provisions of the Insolvency & Bankruptcy Code, 2016 (IBC) and the Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations) framed thereunder.
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