Pursuant to an Order dated 7th June, 2022 of the National Company Law Tribunal, Mumbai Bench, Corporate Insolvency Resolution Process ('CIRP') has been initiated for Bombay Rayon Fashions Limited ('Company' or 'Corporate Debtor') as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said Order has been received on 7th June, 2022 is enclosed as Annexure A. Mr. Shantanu T Ray has been appointed as the Interim Resolution Professional ('IRP') for the Company, via order dated 7th June, 2022. Upon initiation of CIRP, the powers of the Board of Directors of the Company have been suspended and shall be exercised by the Interim Resolution Professional. Your good office is also requested to take on record that Mr. Prashant Agrawal, a member of suspended Board has filed an appeal before the National Company Law Appellate Tribunal on 8th June, 2022 against the said Order.