NCLT approves resolution plan of Raj Rayon Industries Limited

The Resolution Plan submitted by the M/s SVG Fashions Private Limited (Resolution Applicant) in the CIRP of M/s Raj Rayon Industries Limited (the 'Company') that was approved by the members of the Committee of Creditors of the Company ('CoC') in their 10th meeting has now been approved / allowed by the honourable National Company Law Tribunal, Ahmedabad Bench ('NCLT') via order dated 5th October, 2021 ('said Order') (received on 7th October 2021).

Shares of Raj Rayon Industries Limited was last trading in BSE at Rs. 0.30 as compared to the previous close of Rs. 0.29. The total number of shares traded during the day was 15500 in over 5 trades.

The stock hit an intraday high of Rs. 0.30 and intraday low of 0.30. The net turnover during the day was Rs. 4650.00.

Source : Equity Bulls

Keywords

RajRayonIndustries INE533D01024 Textiles NCLT ResolutionPlan Approval