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 has…
Browsing: NCLT
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 completed…
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 to pay around Rs 70 billion to creditors, led by PNB.
India’s Top 50 Textile Companies