Company Update

The Resolution Professional of Raama Paper Mills Limited has filed a resolution plan approved by the Committee of Creditors, involving a consortium of Ujala Renewables LLP, Amar Ujala Limited, and Impressions Printing & Packaging Limited, before the NCLT Allahabad Bench.

This step is crucial in the company’s insolvency resolution process, signaling progress toward financial restructuring and potential revival, which is significant for creditors, investors, and other stakeholders monitoring the company’s turnaround.