Galada Power & Telecommunication Ltd – 504697 – Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal

Source: BSE

Company: Galada Power & Telecommunication Ltd

With reference to our letter no gptl/2018-19/vs/37 dated 14.08.2019, we submit that NCLT, Hyderabad Bench has since pronounced their Order admitting the Application filed against the Company by Stressed Assets Stabilisation Fund (Financial Creditor ) under IBC. As a result, our Company is under CIRP. The Company is yet to receive detailed Order from NCLT as regards other matters like the appointment of IRP etc. The proceedings of NCLT are attached herewith

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