IVRCL Limited which is undergoing insolvency process has said there is mismatch of the company's accounts when compared to the claims made by its creditors.
The beleaguered company also said it could not file its fourth quarter results in time as some of its subsidiaries did not complete their audit.
The Bombay Stock Exchange (BSE) has levied fine on IVRCL for not filing the fourth quarter results.
However, thedebt-riddencompany requested themarket regulatorSEBIand theexchangeto extend time for filing the results as "the Company is under Corporate Insolvency Resolution Process (CIRP) and number of variances are being looked into since the date of commencement of CIRP on February 23, 2018."
"In case the delay extends beyond 15 days, additional penalty at the rate of 0.1per centof the capital of the Company is charged as fine."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app