Tag: NCLT

Shriniwas Spintex secures bid to acquire Morarjee Textiles

admin- April 21, 2025

The financial creditors of Morarjee Textiles, led by Indian Bank, are expected to recover approximately Rs 1.17 billion from the resolution. Wardha-based Shriniwas Spintex Industries ... Read More

Reliance Industries completes Sintex Textiles acquisition

admin- March 30, 2023

Reliance had jointly bid for Sintex along with Assets Care & Reconstruction Enterprise (ACRE). Mukesh Ambani-promoted Reliance Industries, India's biggest company by market value, has ... Read More

Sintex Industries has been filed for insolvency by NCLT

admin- May 13, 2021

The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Sintex Industries, a popular textile and yarn manufacturer in India, as it failed ... Read More