IVRCL Limited which is undergoing insolvency process has said there is mismatch of the company's accounts when compared to the claims made by its creditors.
The beleaguered company also said it could not file its fourth quarter results in time as some of its subsidiaries did not complete their audit.
The Bombay Stock Exchange (BSE) has levied fine on IVRCL for not filing the fourth quarter results.
However, thedebt-riddencompany requested themarket regulatorSEBIand theexchangeto extend time for filing the results as "the Company is under Corporate Insolvency Resolution Process (CIRP) and number of variances are being looked into since the date of commencement of CIRP on February 23, 2018."
"In case the delay extends beyond 15 days, additional penalty at the rate of 0.1per centof the capital of the Company is charged as fine."