Receive News Updates by E-Mail
Connect with us

Regulations

Creditors Reject The Resignation Of CFO Darshan Majmudar: HDIL

News Editor

Published

on

In a regulatory filing, Housing Development and Infrastructure Ltd (HDIL) informed that the CoC rejected the resignation tendered by Majmudar, and directed him to continue in his present role. 

Crisis-hit realty firm HDIL on Monday said the committee of creditors (CoC) has rejected the resignation of its CFO and company secretary Darshan Majmudar. On July 8, the company had informed about the resignation tendered by Majmudar. 

In a regulatory filing, Housing Development and Infrastructure Ltd (HDIL) informed that the CoC rejected the resignation tendered by Majmudar, and directed him to continue in his present role. 

“Therefore he continues in the service of the company in present role,” it added. 

The company is facing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code. 

Its affairs, business and assets are being managed by Resolution Professional Abhay N Manudhane, appointed by the National Company Law Tribunal, Mumbai Bench.

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline has been changed.)

ALSO READ: Mumbai Resident Seeks ED Probe Against Bhagtani Builders

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

© 2020 RealtyNXT | All Rights Reserved.