Gitanjali Gems update on subsidiary - Nakshatra World

Capital Market 

NCLT initiates CIRP for Nakshatra World

Gems announced that Corporate Insolvency Resolution Process has been initiated in respect of its subsidiary, under the provisions of Insolvency and Bankruptcy Code by an order of National Company Law Tribunal, dated 29 January 2019.

has been appointed as Interim Resolution Professional and the stands suspended.

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First Published: Tue, April 09 2019. 10:40 IST