Default11 May 2026, 09:31 pm
Cerebra Integrated Technologies to Initiate CIRP
AI Summary
Cerebra Integrated Technologies Ltd's Board of Directors has approved the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company will seek shareholder approval as per the Companies Act, 2013, read with the IBC Code and rules. The board meeting, which commenced at 5:00 P.M. and concluded at 5:14 P.M., addressed this matter in compliance with SEBI LODR Regulations.
Key Highlights
- Cerebra Integrated Technologies to initiate CIRP under Section 10 of IBC.
- Board approved CIRP initiation and will seek shareholder approval.
- Decision made in compliance with SEBI LODR Regulations.
- Board meeting held to approve the CIRP initiation.