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| Exchange Received Time 25/08/2018 15:38:45 Exchange Disseminated Time 25/08/2018 15:38:54 Time Taken 00:00:09 | Dear Sir/Madam,
This is to inform you that Metalyst Forgings Limited ("MFL") is undergoing the Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 ("Code"), in terms of order passed by the Hon''ble National Company Law Tribunal ("NCLT"), Mumbai Bench, with effect from 15.12.2017. Mr. Dinkar T. Venkatasubramanian was initially appointed as Interim Resolution Professional of MFL and subsequently confirmed as Resolution Professional by the Committee of Creditors in its meeting held on 12th January, 2018 under the provisions of the Code.
Further, we wish to inform you that pursuant to the provisions of the Code, the Committee of Creditors of MFL has approved the resolution plan submitted by Deccan Value Investors L.P. through e-voting process (held from 10:00 a.m. on August 24, 2018 till 10:00 a.m. on August 25, 2018).
You are requested to kindly take the same on record and oblige.
Thanking you.
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