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Board of Atlas Cycles (Haryana) resolves to sell non-core assets up to Rs 150 cr

20-Jul-19 13:15 Hrs IST

The Board of Atlas Cycles (Haryana) at its meeting held on 19 July 2019 has resolved to sell/transfer or dispose of the Non-Core and Non-Productive assets of the company ('Undertaking') upto Rs. 150 crore.

The proceeds realized therefrom shall be utilized for payment of operational/ financial creditors as mandated in the order dated 02 July 2019 passed by the Hon'ble NCLAT.