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Ballarpur Industries Ltd (Parent)
First India Place
, Tower C Block A, Shushant Lok I
Phone: +91 1242804242p:+91 1242804242 GURGAON, 122002  India Fax: +91 1242804260f:+91 1242804260
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-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20203/31/2019Yes----

Industries
SIC Code Description
2621 Paper mills
2611 Pulp mills
2678 Stationery, tablets, and related products
2631 Paperboard mills
5111 Printing and writing paper
6719 Offices of holding companies, not elsewhere classified

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.

Business Names
Business Name
Ballarpur Industries Limited (Parent)
Bilt Paper BV

General Information
Number of Employees: 2,213 (As of 6/30/2012)
Outstanding Shares: 1,293,455,756 (As of 12/31/2020)
Shareholders: 76,452
Fax Number: +91 1242804260


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Tuesday, September 5, 2023