Pursuant to the notice received from the National Company Law Tribunal, Ahmedabad Bench (NCLT), as on February 17, 2020, we hereby inform that M/s. Gaurav Logistic Private Limited, operational creditor of the Company has filed an application with NCLT against K P Energy Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The amount claimed by M/s. Gaurav Logistic Private Limited is Rs. 1,91,21,622/- (Rupees One Crore Ninety-One Lacs Twenty-One Thousand Six Hundred Twenty-Two only).
This claim is related to 50.4MW Mahuva Project where the Principle Contractor M/s. Suzlon Energy Limited is in bad financial health. Further the project completion and acceptance to settle final accounts is disputed with the investor and owner of the project M/s. Torrent Power Limited. The demand raised by the said operational creditor is disputed and premature.
Shares of K.P. Energy Ltd was last trading in BSE at Rs.100 as compared to the previous close of Rs. 104.7. The total number of shares traded during the day was 701 in over 9 trades.
The stock hit an intraday high of Rs. 104.7 and intraday low of 99.9. The net turnover during the day was Rs. 71030.