Corporate News 24-Jul-17
Tilaknagar Industries provides update on subsidiary- Prag Distillery
NCLT initiates Corporate Insolvency Resolution Process for Prag Distillery
Tilaknagar Industries announced that National Company Law Tribunal ('NCLT') vide its order dated 27 June 2017 had initiated Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 ('the Code') in respect of Prag Distillery, wholly owned subsidiary of the Company and has appointed Dipti Mehta (IP Registration no. IBBI/IPA-002/IP-N00134/2017-18/10350) as Interim Resolution Professional ('IRP') to carry out the functions as mentioned under the Code.
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