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HCL Services files insolvency plea against UCX

Press Trust of India  |  New Delhi 

IT firm today said its subsidiary HCL Services has filed an petition against (UCX) for recovery of Rs 17 lakhs.

"HCL Services Limited, a wholly owned subsidiary of the company (ie Ltd) had filed an petition as an Operational Creditor under the & Code (IBC) against (UCX) for recovery of Rs 17 lakhs," said in a statement.

It added that (NCLT), has, vide an order dated June 8, 2018, admitted the petition against UCX and appointed an interim resolution professional (IRP).

"...The above case has neither any material impact on the company nor does it falls under the material information' category under the SEBI (LODR), 2015," it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 19:50 IST