Euro Ceramics Ltd. to Be Delisted Following Acquisition by Jaquar And Company Pvt Ltd

Euro Ceramics Ltd. is set to be delisted following its acquisition by Jaquar And Company Pvt Ltd in an e-Auction process conducted by the Liquidator. The acquisition includes all assets of the company, excluding avoidance transactions and bank accounts. The Hon’ble National Company Law Tribunal, Mumbai Bench has ordered the extinguishment of the existing paid-up capital, subject to necessary consents and approvals. The new management has decided to continue the company as an unlisted entity. All liabilities or debts of the Corporate Debtor prior to the date of confirmation letter are deemed to be extinguished and the Successful Bidder or the Corporate Debtor shall not be liable for any violations, penalties or fines relating to the period prior to the issuance of the confirmation letter.