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Nicco Corp promoters lose rights to be in the board of NPRLThis is according to a National Company Law Appellate Tribunal verdict which said the promoters’ rights to be on board are transferable, an...- Nicco Corporation's liquidation: NCLT order may revive investor interestRajive Kaul and daughter Pallavi Priyadarshini have been Nicco Corp’s nominee directors at Nicco Parks & Resorts. The bankruptcy court’s Ko...
- Slump sale of Nicco Corp fails, assets are put on bloc separatelyThe lenders with a cumulative exposure of Rs 325 crore in Nicco Corp had to take about 40% haircut going by the reserve price of Rs 232 cro...
- Nicco Corporation’s minimum bid price fixed at Rs 232 croreBanks including State Bank of India has non-performing loans of Rs 325 crore.
- Nicco Corporation's liquidation: Lenders, workmen may have to accept huge haircut on claimsBanks including State Bank of India has non-performing loans of Rs 325 crore while 650 workmen have about Rs 14 crore admitted claims.
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