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DUNAR FOODS
Insolvency law cannot override PMLA, says NCLAT; upholds asset attachment by EDThe NCLAT ruled that the IBC cannot override the PMLA. ED-attached assets of Dunar Foods cannot be released for resolution. The appellate t...- NSEL money laundering case: ED attaches fresh assets worth Rs 177 croreThe agency alleged that the accused persons in the said case hatched a criminal conspiracy to defraud investors.
- Basmati paddy price firms up on lower harvest, steady demandHaryana-based Dunar Foods’ CEO, Sandeep Singla, said basmati output could reduce 8-10% this year. “The export prices are bound to rise in t...
- CBI nails nine shell companies in NSEL scamIt is alleged that these companies were trading on the exchange platform without having actual possession of commodities, CBI sources said.
- Exporters see international basmati prices rise 12%Basmati exporters expect prices of this popular rice variety to increase 10%-12% in the international market this year as the demand starts...
- SBI to conduct forensic audit on Dunar Foodstate Bank of India has ordered a forensic audit of Dunar Foods worth Rs 360-crore liability towards the bank and also a defaulter on NSEL.
- Haryana Agriculture Department distributes turbo happy seeders to farmersThe Haryana Agriculture Department, distributed five turbo happy seeders to farmers in Karnal on Wednesday.
- IFC provides Rs 33 crore loan to Snowman LogisticsIFC, has extended a $6.5 million loan to food supply chain company Snowman Logistics, the institution said in a statement.
- TVS Capital, IFC invest Rs 124 crore in Dunar FoodTVS Capital and IFC said they have invested Rs 124 crore in Dunar Foods. Dunar Foods exports basmati rice to Middle East, Europe and the US.
- TVS Capital, International Finance Corp invest $25 mn in Dunar FoodsWhile TVS Capital, founded by TVS group's Gopal Srinivasan in 2007, has put in Rs 50 crore in Dunar Foods, while IFC has infused the remain...
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