Birla Cotsyn (India) Ltd

Birla Cotsyn Completes Final Settlement with Liquidator 🏛️

• Final settlement/payment made to the Liquidator for the implementation of the Composite Scheme of Compromise and Arrangement

• Scheme approved by the Hon'ble NCLT Mumbai Bench on January 09, 2025

• Scheme involves Nikhil Jain, Rohstoffe International Private Limited, and Wendt Finance Private Limited (Acquirers), creditors, and shareholders

• Completion of financial obligations under the approved Scheme of Arrangements/Resolution Plan

• Paves the way for reinstatement and revival of Birla Cotsyn (India) Limited