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Ballarpur Industries Ltd
First India Place
, Tower C Block A, Shushant Lok I
Phone: +91 1242804242p:+91 1242804242 GURGAON, 122002  India Ticker: BALLARPURBALLARPUR

Filed for Bankruptcy on 1/25/2022
On 1/17/2020, the National Company Law Tribunal (NCLT), Mumbai bench, initiated a Corporate Insolvency Resolution Process for Ballarpur Industries Ltd pursuant to an Insolvency Petition filed against the Company by Finquest Financial Solutions Pvt. Ltd. under the Insolvency and Bankruptcy Code, 2016. On 2/26/2020, the NCLT appointed Anuj Jain as the Resolution Professional for the Company.
On 1/25/2022, Ballarpur Industries Limited was ordered to be liquidated by the National Company Law Tribunal, Mumbai Bench.
Mr. Ravi Sethia was hereby appointed as the Liquidator of the Company.

Business Summary
Ballarpur Industries Limited is an India-based company, which is engaged in the business of f manufacturing and selling of writing and printing paper (Coated and Uncoated) and Pulp. The Company’s segments include Uncoated Paper, Coated Paper, and Others. The Company operates two through two separate groups of subsidiaries and joint venture: one under the flagship entity BILT, and the other under its step-down subsidiary BILT Pape. Under the standalone entity, BILT, the direct assets include specialty paper business, operating from the Shree Gopal facility in Haryana; rayon grade pulp business operating from Kamalapuram in Telangana, and tissue paper business operating through its joint venture, Premier Tissues (India) Limited. Its other businesses comes under Bilt Paper B.V., which focuses on the woodfree printing and writing paper, coated and uncoated. The Company has six manufacturing operations across six production units, five of which are in India and one in Malaysia.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes---Yes-

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/20193/31/2019Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chief Executive Officer NeeharAggarwal 11/6/2015 11/6/2015
Non-Executive Vice Chairman Rajeev R.Vederah 70 7/1/2014 7/1/2014
Company Secretary AkhilMahajan
4 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Bilt Paper BV Paasheuvelweg 16 AMSTERDAM ZUIDOOST Netherlands
BILT Graphic Paper Products Limited First India Place, Tower C Gurgaon India

Business Names
Business Name
500102
BALLARPUR
Ballarpur Industries Limited
8 additional Business Names available in full report.

General Information
Number of Employees: 1,284 (As of 3/31/2017)
Outstanding Shares: 1,293,455,756 (As of 12/31/2020)
Shareholders: 76,433
Stock Exchange: NSE
Fax Number: +91 1242804260


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Wednesday, March 27, 2024