General Announcement::Intimation of the approval of a Resolution Plan by the CoC and filing of Resolution Plan with NCLT

Issuer & Securities

Issuer/ Manager
VIDEOCON INDUSTRIES LIMITED
Securities
VIDEOCON US$75.2M 2.8%CB201231 - XS1334578017 - 38UB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Dec-2020 20:19:52
Status
New
Announcement Sub Title
Intimation of the approval of a Resolution Plan by the CoC and filing of Resolution Plan with NCLT
Announcement Reference
SG201216OTHRWXHF
Submitted By (Co./ Ind. Name)
Samridhi Kumari
Designation
Compliance Officer96
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 30 (2) and sub-clause 16 (j) of Clause A of Part A of Schedule
III of the Securities Exchange Board of India (LODR) Regulations, 2015.
We hereby inform and place on record that:

(i) In the e-voting conducted pursuant to the 19th meeting of the committee
of creditors of the Corporate Debtors ( CoC ) in CIRP held on November
11, 2020, which voting process concluded on December 11, 2020, at 8 P.M
(IST), the CoC has approved the resolution plan submitted by Twin Star
Technologies Limited ( Resolution Plan ), by passing the requisite
resolution with 95.09% majority/voting share in accordance with the
provisions of Section 30(4) of the Insolvency and Bankruptcy Code, 2016.