JYOTI LTD.-$ - 504076 - Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal
We wish to inform that Central Bank of India with State Bank of India had filed an application to National Company Law Tribunal, Ahmedabad under section 7 of the Insolvency and Bankruptcy Code, 2016. The debts of Central Bank of India were assigned to Rare Asset Reconstruction Limited ('ARC') and ARC had moved application for withdrawal of proceedings. The joint application was admitted by National Company Law Tribunal, Ahmedabad by order dated 12.11.2020, with the default of State Bank of India as mentioned in the order is 61.32 crores. This is in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take note of the same.17-11-2020