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The NCLT has approved the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Owais Metal and Mineral Processing Limited following a settlement with its creditors.
Owais Metal & Mineral Processing Limited has informed the Exchange that the NCLT has admitted an insolvency application, commencing the Corporate Insolvency Resolution Process.
Owais Metal has initiated the Corporate Insolvency Resolution Process (CIRP) following an NCLT order. The company is actively pursuing a withdrawal application with the creditor.