Morarjee Textiles Insolvency Petition
Morarjee Textiles constituted an Implementation and Monitoring Committee following NCLT approval of its Resolution Plan. The committee includes representatives from the resolution applicant and creditors.
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Morarjee Textiles constituted an Implementation and Monitoring Committee following NCLT approval of its Resolution Plan. The committee includes representatives from the resolution applicant and creditors.
NCLT approved a ₹156 Crore resolution plan submitted by Shriniwas Spintex for Morarjee Textiles. The plan successfully concludes the company's insolvency process within a year.
NCLT Mumbai orally approved the Resolution Plan submitted by Shriniwas Spintex Industries for Morarjee Textiles Limited. This marks a critical milestone in the company's CIRP process.