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Scooters India - Status at BIFR

By Religare

Scooters India Ltd has informed BSE that hon'ble bench of Board for Industrial & Financial Reconstruction, New Delhi during recent hearing held on September 15, 2015 has considered discharge of the Company from BIFR on submissions made by operating Agency (State Bank of India) to the effect that Networth of the Company as on March 31, 2014 has turned positive. The statement of proceedings of the said hearing is awaited and shall be submitted soon after receipt of the same.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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