• Email More Options Modal Window

  • Disclosure of the rejection of a petition filed by vendor of overseas affiliate to initiate an insolvency solution process

    TOKYO, October 4, 2017 — Our consolidated subsidiary, Ricoh India Limited (Headquarters: New Delhi, Bombay Stock Exchange – referred to as Ricoh India from here) yesterday announced that the National Company Law Tribunal (NCLT) has rejected the petition of its vendor, Fourth Dimension Solutions (Headquarters: New Delhi, National Stock Exchange – referred to as FDS from here), as a creditor of Ricoh India, to initiate the insolvency solution process under the Insolvency and Bankruptcy Code of India.

    Ricoh India disclosed FDS’s filing of the petition on September 11, and the National Company Law Tribunal has examined it. In the hearing held September 29, 2017, the NCLT has rejected the petition which was duly withdrawn by FDS.

    Please note that there are no changes to the published consolidated financial outlook for the fiscal year, ending March 31, 2018, for Ricoh Company, Ltd.