UNIFIED TITANIUM COMMON ASSOCIATION

NCLT CLAIM UPDATE

ALL BUYERS OF EARTH TITANIUM PROJECT/STAKEHOLDERS OF EARTH ICONIC INFRASTRUCTURES PRIVATE LIMITED ARE HEREBY INFORMED THAT A MEETING WAS ORGANISED BY UNIFIED TITANIUM COMMON ASSOCIATION ON REQUEST OF STAKEHOLDERS UNDER THE DIRECTION OF HON'BLE NCLT IN ORDER DT. 28/02/2024.

IN A SPECIFIC ORDER HON'BLE NCLT HAS DIRECTED ALL THE MEMBERS OF STAKEHOLDERS CONSULTATION COMMITTEE/BUYERS OF TITANIUM PROJECT TO DECIDE ON RESIGNATION OF LIQUIDATOR AND SUBMIT THE DECISION IN HON'BLE NCLT BEFORE NEXT DATE OF HEARING.

UNDER THE DIRECTION OF HON'BLE NCLT E-VOTING WAS CONDUCTED AND TO SAVE THE ADDITIONAL COST AND TIME, IT WAS DECIDED BY ALL THE STAKEHOLDERS TO ALSO CONDUCT THE E-VOTING ON THE PENDING AGENDAS SENT BY STAKEHOLDERS TO PREVIOUS LIQUIDATOR/AR.

CORPORATE INSOLVENCY RESOLUTION PROCESS

IT IS TO INFORM ALL THE BUYERS THAT CLAIM FILING IN THE INSOLVENCY RESOLUTION PROCESS OF "EARTH ICONIC INFRASTRUCTURES PVT LTD" developer company of "EARTH TITANIUM CITY" PROJECT HAVE BEEN CLOSED.

THIS PROCESS WAS STARTED IN APRIL 2018, LAST DATE OF CLAIM FILING WAS 10TH MAY, 2018 BUT IN A VIEW TO HELP ALL THE TITANIUM BUYERS THE CLAIM FILING PROCESS WAS OPEN TILL 10TH OCTOBER, 2018.

THE CLAIM FILING WAS OPENED AGAIN AFTER THE APPOINTMENT OF NEW RP IN THE MONTH OF MAY, 2019. ALL THE CLAIMS FILED TILL MAY HAVE BEEN ACCEPTED BUT NOW IT HAS BEEN FINALLY CLOSED.

CLAIM FILING PROCESS HAS BEEN CLOSED UNDER CIRP.

AFTER NUMEROUS EFFORTS REVIVAL OF COMPANY UNDER CIRP COULD NOT BE ACHIEVED AND AS PER THE RULES AND REGULATIONS THE HON'BLE NCLT ORDERED FOR LIQUIDATION OF THE COMPANY AS PER THE PROCEDURE.


CORPORATE LIQUIDATION PROCESS

IT IS TO INFORM ALL THE BUYERS THAT CLAIM FILING IN THE LIQUIDATION PROCESS OF "EARTH ICONIC INFRASTRUCTURES PVT LTD" developer company of "EARTH TITANIUM CITY" PROJECT HAVE BEEN CLOSED.

AFTER THE ORDER OF THE HON'BLE NCLT, THE COMPANY EARTH ICONIC INFRASTRUCTURE PVT LTD WAS UNDER LIQUIDATION PROCESS. THIS PROCESS WAS STARTED IN JANUARY, 2020, LAST DATE OF CLAIM FILING WAS 31ST MARCH, 2020 BUT IN A VIEW TO HELP ALL THE TITANIUM BUYERS THE CLAIM FILING PROCESS WAS OPEN TILL 31ST MARCH, 2021.

THE CLAIM FILING WINDOW WAS AVAILABLE FOR MORE THAN A YEAR BUT NOW IT HAS BEEN FINALLY CLOSED.

ASSOCIATION MEETING UPDATE

MEETING WITH RESOLUTION PROFESSIONAL/LIQUIDATOR FOR GUIDANCE

NEWS COVERAGE