Dear Sir/Madam,
This is to inform you that Metalyst Forgings Limited (“MFL”) is undergoing the Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”), in terms of order passed by the Honble National Company Law Tribunal (“NCLT”), Mumbai Bench, with effect from 15.12.2017. Mr. Dinkar T. Venkatasubramanian was initially appointed as Interim Resolution Professional of MFL and subsequently confirmed as Resolution Professional by the Committee of Creditors in its meeting held on 12th January, 2018 under the provisions of the Code.
Further, we wish to inform you that pursuant to the provisions of the Code, the Committee of Creditors of MFL has approved the resolution plan submitt…
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