On 10 August 2015
Supreme Tex Mart announced that the Company's accumulated losses had exceeded its entire net worth as on 31 March 2015 and has become Sick Industrial Company in accordance with the provisions of Sick Industrial Companies (Special Provisions) Act, 1985. Accordingly as per the provision of SICA 1985, the application has been submitted for reference to the Board for Industrial and Financial Reconstruction (BIFR).Subsequently, the Company has been registered with the BIFR vide reference Case No. 100/2015.
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