BGR Energy Systems Limited — Others, 29-10-2024: Corporate Insolvency Resolution Process

BGR Energy Systems Limited has disclosed that the Central Bank of India has initiated a Corporate Insolvency Resolution Process (CIRP) against the company, with a default amount of Rs. 71.35 Crores. This application is currently under consideration by the National Company Law Tribunal (NCLT), Amaravati Bench. Investors should monitor developments regarding this significant financial situation.