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10/01/2024 19:08

Sabrimala Industries - Corporate Insolvency Resolution Process (CIRP)-Approval Of Resolution Plan By Tribunal

Pursuant to regulation 30 of SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015 as amended from time to time, this is to inform you that Resolution Plan Submitted by Sabrimala Industries India Limited (\Company\) along with investors for revival of M/s Vallabh Textiles Company Limited under Corporate Insolvency Resolution Process (\CIRP\) in terms of Insolvency and Bankruptcy Code, 2016 has been approved by the Chandigarh Bench of Hon'ble National Company Law Tribunal (\NCLT\) vide its order pronounced on 08.01.2024 and uploaded on NCLT website on 09.01.2024.