Morarjee Textiles News

Morarjee Textiles IMC Holds First Meeting on May 13

Morarjee Textiles' IMC scheduled its first meeting on May 13, 2026 at 4:00 PM via video-conferencing, following its constitution under the NCLT-approved INR 156 Cr resolution plan.

Morarjee Textiles IMC Constituted Post NCLT Plan Approval

Morarjee Textiles' IMC formed on May 13, 2026, comprising RP Ravi Sethia, SSIPL's advocate, and Indian Bank, following NCLT's approval of the INR 156 Cr resolution plan.

NCLT Approves INR 156 Cr Resolution Plan for Morarjee Textiles

NCLT Mumbai approves Shrinivas Spintex's INR 156 Cr resolution plan for Morarjee Textiles. SRA to hold 94.9% post-CIRP; fair value at INR 229.01 Cr, liquidation value at INR 140.48 Cr.

Morarjee Textiles NCLT Resolution Plan: Key Details

NCLT Mumbai approves Shrinivas Spintex's INR 156 Cr resolution plan for Morarjee Textiles. Pre-CIRP net worth stood at INR -47,975 lacs; SRA to hold 94.9% post-CIRP.

NCLT Approves Morarjee Textiles Resolution Plan Worth INR 156 Cr

NCLT Mumbai approved Shrinivas Spintex Industries' INR 156 crore resolution plan for Morarjee Textiles. Post-CIRP, SRA will hold 94.9% stake; public shareholding at 5.1%.