Chambal Fertilisers & Chemicals receive NCLT Kolkata approval for winding up Inuva Info Management

The reason behind winding up the said subsidiary is because Inuva Info Management was not having any business operations.

May 04, 2021 02:05 IST India Infoline News Service

Chambal Fertilisers
Chambal Fertilisers & Chemicals announced on Tuesday that the National Company Law Tribunal, Kolkata Bench has granted sanction to dissolve Inuva Info Management Private Limited upon voluntary liquidation.

In July 2018, the company announced its plan of voluntary winding up of Inuva Info Management which is a downstream subsidiary of the Chambal Fertilisers.

The reason behind winding up the said subsidiary is because Inuva Info Management was not having any business operations.

At around 2.44 pm, Chambal Fertilisers was trading at Rs212.75  per piece down by 2.65% on Sensex.   

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