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INSOLVENCY REI AGRO
NCLT passes liquidation order against Nirav Modi’s flagship firm Firestar InternationalIn a London jail, Modi is wanted by the Enforcement Directorate, Central Bureau of Investigation, and other investigation agencies for alle...- NCLT orders winding up Nakshatra World, a Mehul Choksi companyThe ruling came on an insolvency petition ICICI Bank filed around two years ago against the company, which was also allegedly involved in a...
- NCLT allows liquidator to sell company stressed assets attached by agencies“The liquidator is permitted to sell the assets of the corporate debtor…which were attached by the Enforcement Directorate, subject to the ...
- Assets of companies under insolvency can’t be attached by agenciesThe Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
- Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraudED had attached Rs 100 crore worth of property of REI Agro, once a prominent rice processing unit, for alleged money laundering. The compan...
- Companies under insolvency process to face additional surveillance from June 11The data available with the BSE shows that 75 firms, including ABG Shipyard, Electrosteel Steels, Mandhana Industrie, are undergoing insolv...
- Not only companies, even jobs face liquidation due to insolvency ordinanceTypically, when a company goes for liquidation, permanent employees, part-time workers and outsourced members of the staff are affected.
- Sensex, Nifty trade in red; Reliance, ITC, Tata Motors dragDomestic indices remained in the red zone - dragged down by index heavy-weights such as ITC, Reliance and Tata Motors.
- Dozen more companies could face bankruptcy proceedingsA senior government official told ET that the IAC can recommended action on these accounts, most of whom owe money to a consortium of banks.
- ETMarkets After Hours: PSU banks slip up to 5%; 60 stocks at fresh 52-week lowsJP Associates emerged the most active stock in terms of traded volume on NSE on Tuesday.
- Creditors of REI Agro file for insolvency under new Bankruptcy LawThe powers of the board has been suspended and they are now vested on Anil Agarwal. Following the NCLT order, a moratorium is granted to th...
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