Please find attached Newspaper cuttings of Newspaper advertisement of initiation of CIRP Process as well as invitation to Creditors for filing their Claims with IRP
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PS IT Infrastructure & Services Ltd (BSE Code: 505502) has entered the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional (IRP) is Rajneesh Kumar Aggarwal (IBBI Registration No. IBBI/IP-P00886/2017-2018/11483). The original admission date of the insolvency petition was 10 July 2017. Form A newspaper advertisements have been published inviting creditors to submit their claims by the deadline. The company submitted these newspaper cuttings to BSE as material information under the applicable listing regulations. The IRP's office is located in Janak Puri, New Delhi.
The company entering CIRP signals extreme financial distress. Equity shareholders face potential dilution or wipeout as creditors' claims take priority during resolution. The stock is likely suspended or illiquid given the ongoing insolvency proceedings.