Gold Silver Reports (GSR) – Petron Engineering Falls After NCLT Appoints IRP To Conduct Insolvency Process – Shares of the Mumbai-based non-residential construction company fell as much as 6.5 percent to Rs 96.25 after it informed exchanges that NCLT has accepted petition filed by operational creditors against the company.
The NCLT has appointed an Interim Resolution Professional (IRP) to conduct the insolvency process, Petron Engineering said in an exchange notification.