NRB Industrial Bearings Limited — Important, 14-01-2025: General Updates

An application has been filed by Mrs. Harshbeena Sahney Zaveri before the National Company Law Tribunal (NCLT) in Mumbai, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The claimed amount in the application is ₹28.96 crore. The application is currently pending admission by the NCLT. The company is reviewing the details and is optimistic about addressing the situation effectively. NRB Industrial Bearings Limited remains committed to the interests of all stakeholders and will keep them informed of any significant developments.