On 06 May 2019
Seshosoyee Paper & Boards announced that the company has submitted a Proposed Draft Composite Scheme of Compromise / Arrangement with the creditors and members of Servalakshmi Papers (Company under Liquidation) (SPL) and Scheme for Amalgamation with Seshasayee Paper and Boards under Sections 230 232 of the Companies Act, 2013 and Rules there under, in line with the Final Order of the Hon'ble NCLAT dated 27 February 2019 and in consonance with the statement and object of the Insolvency and Bankruptcy Code, 2016.Powered by Capital Market - Live News
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