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Ahluwalia Contracts (India) Ltd - 532811 - Announcement under Regulation 30 (LODR)-Meeting Updates

 Please find enclosed herewith copy of Published Notice on 18-06-2021 in Financial Express (English) and 17-06-2021 in Jansatta (Hindi) for Board of Directors Meeting of the Company will be held on Saturday, 26th day of June 2021 through virtual/ video conferencing. The information is also available on the website of the Company viz. www.acilnet.com and the website of the Stock Exchange, where the Company's shares are listed viz. BSE Limited (www.bseindia.com) and National Stock Exchange of India Ltd (www.nseindia.com). You are requested to take the same on record and acknowledge the receipt.
18-06-2021
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AHLUWALIA CONTRACTS (INDIA) LTD. - 532811 - Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015.

 AHLUWALIA CONTRACTS (INDIA) LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/06/2021 ,inter alia, to consider and approve This is to inform that pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015, a meeting of the Board of Directors of the Company will be held on Saturday the 26th June, 2021 at Regd. Office A-177, Okhla Phase-1, New Delhi-110020 through virtual/ video conferencing, inter-alia, to consider the Audited financial results (both standalone & consolidated) for the year ended 31.03.2021 and other agenda items, if any.
16-06-2021
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Ahluwalia Contracts (India) Ltd - 532811 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Order under Section 9 of IBC, regarding NCLT Order dated 12.05.2021 withdrawing the application in Case Bearing No.(IB) 2135(ND) / 2019 titled as ' M/s A2 Interiors Products Pvt. Ltd. Vs. M/s Ahluwalia Contracts (India) Ltd (ACIL). Dear Sir/Madam, With reference the above mentioned subject and in continuous of earlier letter dated 10-05-2021; please find attached the Order passed by the Hon'ble NCLT on 12-05-2021 order received by the Company on 13-05-2021. Vide order dated 12-05-2021, Hon'ble NCLT allowed to withdraw the application IB-2135/ND/2019 titled as 'M/s A2 Interiors Products Pvt. Ltd. Vs. M/s Ahluwalia Contracts (India) Ltd (ACIL)' as the matter was amicably resolved and settled with the Applicant M/s A2 Interiors Products Pvt. Ltd., Further IRP was discharged forthwith from the appointment and the Corporate Debtor (ACIL) is free from the clutches of the Insolvency & Bankruptcy Code, 2016. This is for your ready reference, necessary information and record pl.
13-05-2021
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Ahluwalia Contracts (India) Ltd - 532811 - Order Under Section 9 Of IBC, Regarding NCLT Order Dated 12.05.2021 In Case Bearing No.(IB) 2135(ND) / 2019 Titled As ' M/S A2 Interiors Products Pvt. Ltd. Vs. M/S Ahluwalia Contracts (India) Ltd (ACIL).

 Dear Sir/Madam, Please find attached Order passed by NCLT on 12-05-2021 order received on 13-05-2021. In view of the same, we allow the application, thereby IB-2135/ND/2019 stands withdrawn and disposed of in terms of the above order. IRP informing him regarding the settlement and requesting him to refrain from proceeding with the CIRP in view of the withdrawal application. The steps to file an Application under Section 12A of the Insolvency and Bankruptcy Code, 2016 for Withdrawal of the Admitted application are underway. The Parties have also agreed to take all requisite and necessary steps for getting the order dated 05.05.2021 set aside, jointly and also order passed by the Hon'ble NLCT on 12-05-2021. IRP is discharged forthwith from the appointment. Corporate Debtor is free from the clutches of the Insolvency & Bankruptcy Code, 2016. This is for your ready reference, necessary information and record pl.
13-05-2021

Ahluwalia Contracts settles plea filed by operational creditor

 On its part, A2 Interiors Products applies to withdraw the insolvency process initiated by the NCLT's Delhi bench
11-05-2021

Ahluwalia Contracts settles dispute with A2 Interiors; moves to withdraw insolvency proceedings

 On May 5, the Delhi-based bench of the National Company Law Tribunal (NCLT) had allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd, an operational creditor, against Ahluwalia Contracts claiming default of Rs 14.10 crore and had appointed an interim resolution professional (IRP).
10-05-2021
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AHLUWALIA CONTRACTS (INDIA) LTD. - 532811 - Sub.: Ahluwalia Contracts (India) Ltd- Initiation Of CIRP. Reg.: Reply To Your Mail Dated 10.05.2021

 The Hon'ble NCLT had appointed Mr. Satish Kumar Chugh as the Interim Resolution Professional ('IRP'). The Copy of the order was made available to ACIL on 8th May 2021 (Copy of order attached). Further, this was already informed to your good office that the matter has been amicably resolved and settled with the Applicant M/s A2 Interiors Products Pvt. Ltd., who has in turn filed the requisite Form FA dated 08.05.2021 (Copy attached) with the IRP informing him regarding the settlement and requesting him to refrain from proceeding with the CIRP in view of the withdrawal application and the application under Section 12A of IBC, 2016 was filed with the Learned national Company Law Tribunal (NCLT) on 10.05.2021.
10-05-2021
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AHLUWALIA CONTRACTS (INDIA) LTD. - 532811 - Disclosure In Terms Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), 2015 Regarding NCLT Order Dated 05.05.2021 In Case Bearing No.(IB) 2135(ND) / 2019 Titled As ' M/S A2 Interiors Products Pvt. Ltd. Vs. M/S (ACIL).

 In terms of Regulation 30 of SEBI (LODR), 2015, wherein the undersigned is to inform your good self-regarding the Judgment dated 5-5-21 passed by the Learned ('NCLT') in (IB) 2135(ND)/2019 titled as ' A 2 Interiors Products Pvt. Ltd. Vs. ACIL. wherein the Insolvency Plea under Section 9 of Insolvency and Bankruptcy Code, 2016 filed by an Operational creditor against ACIL was admitted. There was no admitted liability and the claim was vehemently disputed /denied by ACIL. The Hon'ble NCLT had appointed Mr. Satish Kumar Chugh as the IRP. The Copy of the order was made available to ACIL on 8-5-21. The settlement and requesting him to refrain from proceeding with the CIRP in view of the withdrawal application. The steps to file an Application under Section 12A of the Insolvency and Bankruptcy Code, 2016 for Withdrawal of the Admitted application are underway. The Parties have also agreed to take all requisite and necessary steps for getting the order dated 5.5.21 set aside, jointly.
09-05-2021
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Ahluwalia Contracts (India) Ltd - 532811 - Disclosure In Terms Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements), 2015 Regarding NCLT Order Dated 05.05.2021 In Case Bearing No.(IB) 2135(ND) / 2019 Titled As ' M/S A2 Interiors Products Pvt. Ltd. Vs. M/S (ACIL).

 In terms of Regulation 30 of SEBI (LODR), 2015, wherein the undersigned is to inform your good self-regarding the Judgment dated 5-5-21 passed by the Learned ('NCLT') in (IB) 2135(ND)/2019 titled as ' A 2 Interiors Products Pvt. Ltd. Vs. ACIL. wherein the Insolvency Plea under Section 9 of Insolvency and Bankruptcy Code, 2016 filed by an Operational creditor against ACIL was admitted. There was no admitted liability and the claim was vehemently disputed /denied by ACIL. The Hon'ble NCLT had appointed Mr. Satish Kumar Chugh as the IRP. The Copy of the order was made available to ACIL on 8-5-21. The settlement and requesting him to refrain from proceeding with the CIRP in view of the withdrawal application. The steps to file an Application under Section 12A of the Insolvency and Bankruptcy Code, 2016 for Withdrawal of the Admitted application are underway. The Parties have also agreed to take all requisite and necessary steps for getting the order dated 5.5.21 set aside, jointly.
09-05-2021

NCLT initiates insolvency proceedings against Ahluwalia Contracts

 The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm Ahluwalia Contracts India Ltd for defaulting on payments to an operational creditor. The New Delhi-based NCLT bench allowed the insolvency plea filed by A2 Interiors Products Pvt Ltd against Ahluwalia Contracts, claiming default of Rs 14.10 crore, and appointed an interim resolution professional. Ahluwalia Contracts had engaged A2 Interiors Products for interior, furnishing and allied civil and electrical works at various project sites. It had supplied materials to Ahluwalia Contracts as part of various work orders issued for six projects at different locations in the country, according to the NCLT order. It had raised invoices against each work order, which were duly received by Ahluwalia Contracts, however, it failed to release the full payment. Later, in May 2019, A2 Interiors had issued a notice to Ahluwalia Contracts under the Insolvency & Bankruptcy Code (IBC) demanding Rs
09-05-2021
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