West Coast Paper Mills Ltd's resolution plan for Uniply Decor Ltd approved by NCLT

The Resolution Plan submitted by West Coast Paper Mills Ltd., as Resolution Applicant for the acquisition of Uniply Décor Ltd., (in CIRP) under the provisions of Insolvency and Bankruptcy Code, 2016, as approved by Committee of Creditors ("CoC") of Uniply Décor Ltd., has been approved by the Hon'ble National Company Law Tribunal, Chennai Bench.

The company's consultant, M/s Lagrange Point Advisors LLP, investment banking firm based in Mumbai informed that, Resolution Plan has been approved verbally by the Chennai Bench of the National Company Law Tribunal.

Shares of West Coast Paper Mills Limited was last trading in BSE at Rs. 670.30 as compared to the previous close of Rs. 680.10. The total number of shares traded during the day was 27942 in over 1442 trades.

The stock hit an intraday high of Rs. 681.25 and intraday low of 666.95. The net turnover during the day was Rs. 18822126.00.

Source : Equity Bulls

Keywords

WestCoastPaperMills INE976A01021 ResolutionPlan UniplyDecor NCLT