CIRP against Aruna Hotels Limited stands withdrawn and cancelled

The National Company Law Tribunal (NCLT) has directed the Resolution Professional (RP) to hand over the Management to the Board of Directors of the Company, whose powers stood suspended by virtue of the initiation of the Corporate Insolvency Resolution Process (CIRP) by this Tribunal while admitting the petition in CP/597/IB/2017, which stands withdrawn and NCLT has pronounced Order that all the connected Applications stands closed and that the powers of the Board of Directors stand restored consequent to the withdrawal of CIRP in relation to 'ARUNA HOTELS LIMITED'.

Shares of ARUNA HOTELS LTD. was last trading in BSE at Rs.11.18 as compared to the previous close of Rs. 11.4. The total number of shares traded during the day was 649 in over 8 trades.

The stock hit an intraday high of Rs. 11.18 and intraday low of 11.18. The net turnover during the day was Rs. 7255.

Source : Equity Bulls

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