Company Update

Oswal Overseas has announced that the tribunal has approved the withdrawal of the corporate insolvency resolution process following a full settlement with the sole financial creditor, which was backed by a hundred percent voting approval from the committee of creditors.

All resolution process costs have been fully paid.

Consequently, the company has been fully restored to its pre-insolvency status, the existing moratorium has been lifted, and the interim resolution professional has been discharged from duties and directed to hand back all company documents to the current management.