NCLT initiates CIRP for Videocon Industries

Under Insolvency and Bankruptcy Code

Videocon Industries announced that National Company Law Tribunal, Mumbai Bench, Mumbai ('NCLT'), vide an order dated 6 June, 2018 has admitted the reference for initiation of Corporate Insolvency Resolution Process ('CIRP') in respect of Videocon Industries (the 'Company') under Section 7 of the Insolvency and Bankruptcy Code, 2016 ('IBC').

By the said Order dated 6 June, 2018, Anuj Jain (IP Registration No. IBBI/IPA-001/IP-P00142/2017-18/10306) has been appointed as an Interim Resolution Professional ('IRP') under the provisions of IBC.

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