N R Agarwal Industries exits CDR

On 30 August 2016

N R Agarwal Industries announced that the Corporate Debt Restructuring (CDR) Cell vide its letter dated 30 August 2016 had approved the exit of the Company from CDR subject to payment of recompense amount.

Meanwhile, the Company was awaiting a confirmation letter from Bank of Baroda regarding the recompense amount which has been received on 05 October 2016 confirming the earmarking of the recompense amount by the Company.

Hence, the Company stands exited from CDR.

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