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CCCL initiates Corporate Insolvency Resolution Process against VA Tech Wabag Limited – Equity Bulls

In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has passed an order for initiation of Corporate Insolvency Resolution Process (‘CIRP’) under the provisions of Insolvency and Bankruptcy Code, 2016.

The Company has filed an appeal against this Order with the National Company Law Appellate Tribunal.

Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.590.15 as compared to the previous close of Rs. 586. The total number of shar…

Read the full article at: http://equitybulls.com/admin/news2006/news_det.asp?id=214450

Category: LiquidationBy Insolvency GuardianOctober 9, 2017

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CCCL initiates Corporate Insolvency Resolution Process against VA Tech Wabag Limited – Equity Bulls

In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has passed an order for initiation of Corporate Insolvency Resolution Process (‘CIRP’) under the provisions of Insolvency and Bankruptcy Code, 2016.

The Company has filed an appeal against this Order with the National Company Law Appellate Tribunal.

Shares of VA TECH WABAG LTD. was last trading in BSE at Rs.590.15 as compared to the previous close of Rs. 586. The total number of shar…

Read the full article at: http://www.equitybulls.com/admin/news2006/news_det.asp?id=214450

Category: LiquidationBy Insolvency GuardianOctober 8, 2017

Post navigation

PreviousPrevious post:IDBI, co ignored several possible solutions, say Jaypee lenders – ETRealty.comNextNext post:CCCL initiates Corporate Insolvency Resolution Process against VA Tech Wabag Limited – Equity Bulls

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May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
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