Market regulator says firm is a shell company whose delisting under the RP will make process of forensic audit more difficult
The RP's decision was accelerated by an order from the NCLAT granting more time to one of the bidders
Hyderabad-based Megha Engineering & Infrastructures has also done so, with the necessary documents
The total debt of the company stands at Rs 14.1 bn
Appointment of an IRP for India's oldest tea plantation & oil exploration firm comes after a petition by Srei, which claimed Assam Company owed it over Rs 595.60 cr as on August 11, 2017