NCLAT stays IRP from taking over Shriram EPC management

IRP was appointed by the NCLT, Chennai, after a petition by Rio Glass Solar SA

Shriram EPC, a service provider of integrated design, engineering, procurement and construction, has said that it has received a stay order against an interim resolution professional (IRP) taking over the management of the company, earlier this month.

According to a regulatory filing with the exchange, the company said that the IRP was appointed by the National Company Law Tribunal (NCLT), Chennai, after a petition by Rio Glass Solar SA.

The company has moved against this order at the National Company Law Appellate Tribunal (NCLAT), New Delhi, and attained a stay on taking over the possession of Shriram EPC, said a letter by