The Resolution Professional of Morarjee Textiles Limited has filed the Resolution Plan, as approved by the Committee of Creditors (COC), with the National Company Law Tribunal, Mumbai in accordance with the provisions of Insolvency Bankruptcy Code, 2016 on for its consideration and subsequent approval.
The COC of Morarjee Textiles Limited has approved the Resolution Plan submitted by Shriniwas Spintex Industries Private Limited.
The insolvency plea was inititatied after Axis Bank Limited filed an application under section 7 of Insolvency and Bankruptcy Code, 2016 (IBC) for initiating Corporate Insolvency Resolution Process (CIRP) in respect of the…
