Pursuant to the Order dated February 10, 2023 passed in Company Appeal (AT) (INS) NO. 160 of 2023, the Hon''''ble National Company Law Appellate Tribunal (NCLAT) set aside the impugned order dated February 8, 2023 passed by NCLT, Mumbai Bench admitting Section 9 Petition and for appointment of Corporate Insolvency Resolution Professional ('CIRP') on the grounds that the parties have already reached the settlement and filed joint application along with settlement agreement. The matter stands disposed and as result of this Order, the Company is released from all the rigour of Law and is allowed to function independently through its Board of Directors. The Company management continue to operate in the normal course and as a going concern. Please treat this as compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015.