DPSC Limited, a listed entity on the National Stock Exchange (NSE) under the ticker DPSCLTD, has announced that it is currently undergoing a Corporate Insolvency Resolution Process (CIRP). This development is in accordance with the provisions of the Insolvency and Bankruptcy Code (IBC) and is being overseen by the Hon'ble National Company Law Tribunal (NCLT) at its Hyderabad Bench-I.
The company's CIRP is being conducted in compliance with Regulation 13(2)(c) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. This regulation outlines the specific procedures and timelines for the CIRP process.
Investors are advised to closely monitor the company's progress and any updates related to the CIRP. The outcome of this process may have significant implications for the company's future operations and financial performance.
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