Industry -

Broadcast Date/Time 23-Jun-2022 14:36
Subject CIRP - others
Announcement AVRO INDIA LIMITED has informed the Exchange that National Company Law Appellate Tribunal ("NCLAT") vide their order dated 22.06.2022 under Company Appeal (AT) (Ins.) No. 700 of 2022 has granted stay against the order passed by National Company Law Tribunal ("NCLT") dated 13th June, 2022 in the matter titled as Prayag Polytech Private Limited Vs Avon Moldplast Limited vide application CP (IB) No. 312/ALD/2019 and gave further direction to NCLT, Allahabad Bench to dispose application filed by IPR under Section 12 A of I & B Code, 2016 seeking withdrawal of main application of main proceedings as per Regulation 30 A of the IBBI (Corporate Insolvency Process for Corporate Persons) Regulations, 2016 accordingly.
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