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IMP Powers Ltd

Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

10:40 AM, 1st Aug 2023

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Listing Regulations) and in accordance with the requirements of Clause 16(g) of Part A of Schedule III of the Listing Regulations it is hereby informed that the two resolution plans put to vote did not find favour with the COC. In compliance with second proviso to Regulation 39(3B) of CIRP Regulations the Plans getting the highest votes was again put to vote and the same was again not assented to by the COC by requisite majority.As the COC has not desired any further extension of the CIRP period the Resolution Professional is required to file an application to NCLT under Section 33(1) of IBC.

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