Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

• Security Code: 511389
• Company: VIDEOIND

The Hon''ble National Company law Tribunal, Mumbai Bench ("NCLT"), vide its order dated 08th August, 2019 ("Order") has admitted the petition for consolidation of the CIRP of 13 Videocon group entities.Further, the Hon''ble NCLT approved the appointment of Mr. Mahender Khandelwal (Registration No. IBBI/IPA-001/IP-P00033/2016-2017/10086 ) as Resolution Professional (RP) and, accordingly, he has taken over the CIRP of the 13 Videocon group companies inter-alia including the control of the management and operations in terms of the provisions of the Insolvency and
Bankruptcy Code, 2016 (the "Code").
We are enclosing herewith a copy of the order dated 08th August, 2019 passed by the Hon'' ble National Company Law Tribunal, Mumbai Bench for your information and record.