NCLT approves resolution plan by Deep Diamond India Ltd for Oasis Ceramics Pvt Ltd

The Hon'ble NCLT, Mumbai Bench, on March 24, 2025, has approved the Resolution Plan submitted by M/s. Deep Diamond India Limited ("Resolution Applicant") to acquire M/s Oasis Ceramics Private Limited ("Target Company"), pursuant to Corporate Insolvency Resolution Process ('CIRP') and a copy of the said order has been uploaded on the website of the NCLT on March 24, 2025. Further the Company has received the E-mail communication dated March 26, 2025 regarding approval of the Resolution Plan form the Target Company.

The Cost of acquisition is INR 43,15,10,000/-.

Source : Equity Bulls

Keywords

DeepDiamondIndia DDIL NCLT ResolutionPlan Approval Acquisition OasisCeramics