Widely read:
In furtherance to our earlier communique dated January 19 2022 whereby it was intimated inter alia that as perthe order dated December 21 2021 by Honble Adjudicating Authority National Company Law Tribunal(NCLT) the successful bidder viz. Sarda Mines Private Limited (SMPL) has deposited full consideration of INR121 Crores together with interest (after deducting TDS) (where such interest portion is sub-judice and is subjectto the outcome of the directions of the Honble NCLT in I.A. No. 5208 of 2021) for sale of Kwality Limited (InLiquidation) as a going concern under the provisions of the Insolvency & Bankruptcy Code 2016 (IBC) and theInsolvency & Bankruptcy Board of India (Liquidation Process) Regulations 2016 (Liquidation Regulations)framed thereunder.
