CIRP DEVELOPMENTS STAGE-I
Pursuant to the case filed by State Bank of India against the company Under Section 7 of Insolvency
and Bankruptcy Code,2016, Honourable NCLT, Hyderabad vide Order dated 26th May,2023 and order no. IA 521/2023 in CP(IB)747/7/HDB/2019 admitted the
case and ordered Commencement of Corporate Insolvency Resolution Process ("CIRP”) for the company
on 26th April, 2021. The NCLT vide above order has appointed Shri Kalvakolanu Murali Krishna Prasad having
registration No. IBBI/IPA-001/IP-P00967/2017-2018/11588 as “Resolution Professional”.
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NCLT Admission Order
News Paper Publication-Business Standard On Dt. 30-04-2021
