CIRP DEVELOPMENTS
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 no. 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 Sivanagaraja Taduvai having
registration No. IBBI/IPA-003/IP N00065/2017-18/10551 as “Interim Resolution Professional”.
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NCLT Admission Order
News Paper Publication-Business Standard On Dt. 30-04-2021
