Vardhman Industries Ltd has announced with reference to the Resolution Plan submitted by JSW Steel Limited ('JSW Steel') for Vardhman Industries Limited as approved by the Hon'ble NCLT by its orders dated December 19, 2018 and April 16, 2019 under S. 31 of the Insolvency and Bankruptcy Code, 2016 (the 'NCLT Orders').
JSWSteel had preferred an Appeal before Hon'ble National Company Law Appellate Tribunal ('NCLAT') challenging certain portions of NCLT Orders, and the Judgment on the same has been pronounced on December 4, 2019 by the Hon'ble NCLAT allowing the said Appeal of JSW ('NCLAT Order'). The copy of NCLAT Order is not yet made available.
Shares of JSW STEEL LTD. was last trading in BSE at Rs.251.3 as compared to the previous close of Rs. 259.8. The total number of shares traded during the day was 617715 in over 5096 trades.
The stock hit an intraday high of Rs. 261.65 and intraday low of 250.05. The net turnover during the day was Rs. 157334912.