Scooters India updates on its BIFR status

Networth turns positive as on 31 March 2014

Scooters India announced that hon'ble bench of Board for Industrial & Financial Reconstruction, New Delhi during recent hearing held on 15 September 2015 has considered discharge of the Company from BIFR on submissions made by operating Agency (State Bank of India) to the effect that Networth of the Company as on 31 March 2014 has turned positive. The statement of proceedings of the said hearing is awaited and shall be submitted soon after receipt of the same.

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