Held on 22 May 2017
Ennore Coke announced that the Board of Directors of the Company at its meeting held on 22 May 2017 transacted the following -
Update of the status of application made with BIFR -
The Company had made an application with Board of Industrial and Financial Reconstruction (BIFR) and the said reference has been registered by the Board as Case No.125/2016. However, BIFR shall stand dissolved, consequent to the notification issued by Ministry of Finance, vide no. S.O. 3568(E) dated 25th November 2016. As per the notification issued by Ministry of Corporate Affairs vide no. S.O. 3594(E) dated 30th November 2016, Insolvency and Bankruptcy Code (IBC), 2016 came into effect from 01 December 2016, and all the reference made or inquiry pending to or before BIFR shall stand abated and the Companies are necessitated to make an application with National Company Law Tribunal. The board of directors of the Company as per the aforesaid notification approved to make a fresh application before the National Company Law Tribunal, Chennai as required under Section 10 of Insolvency and Bankruptcy Code, 2016.
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