Mount Shivalik Industries: Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal

Pursuant to the Honble NCLT Jaipur Bench order u/s 31 of Insolvency & Bankruptcy Code 2016 dated 13th October 2021 approving the Resolution Plan submitted by Kals Distilleries Private Limited in respect of Mount Shivalik Industries Limited (MSIL) the Resolution Professional has been discharged from her role as the Resolution Professional of the Company on and from the date of the NCLT Approval Order.
Impact on existing Shareholders :The paid up share capital of MSIL stands fully written off on approval of Resolution Plan and the existing shares shall be delisted from stock exchange.