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NCLT okays Metalysts Forgings' acquisition by Deccan value-led group, ET Auto

"It (resolution plan) shall be binding on the corporate debtor (Metalysts Forgings), its employees, members, and creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and other stakeholders involved in the resolution plan," the division bench of justice VG Bisht and technical member Prabhat Kumar said in its May 14 order.
Dinkar Venkatasubramanian Prabhat Kumar National Company Law Tribunal Liberty House Group Supreme Court National Company Law Appellate Tribunal

Amtek Auto: SC Issues Notices on Alleged Money Laundering of Rs12,800 Crore due to Inaction of Central Agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO -- into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public,
Dinkar Venkatsubramanian Sameer Srivastava Anant Dehadrai Jaskaran Singh Chawla Justices Ravindra Supreme Court

SC notice on plea alleging money laundering of Rs 12,800 cr due to inaction of central agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO -- into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public, government and listed banks by Amtek Auto Ltd (AAL) and its promoters, directors, beneficiaries, and key managerial personnel through an elaborate system of over 127 related parties and several benaamidars.
Dinkar Venkatsubramanian Sameer Srivastava Anant Dehadrai Justiceuu Lalit Jaskaran Singh Chawla Justices Ravindra

Amtek Auto: SC issue notices on alleged money laundering of Rs12,800 crore due to inaction of central agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO -- into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public,
Dinkar Venkatsubramanian Sameer Srivastava Anant Dehadrai Justiceuu Lalit Jaskaran Singh Chawla Justices Ravindra

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SC notice on plea alleging money laundering of Rs 12,800 cr due to inaction of central agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO -- into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public, government and ...
New Delhi Dinkar Venkatsubramanian Sameer Srivastava Anant Dehadrai Justiceuu Lalit Jaskaran Singh Chawla

Amtek Auto: MCA Seeks Rs2,320.45 Crore from Former Promoters; Asks NCLT for Forensic Audit by SFIO

While seeking to recover Rs2,320.45 crore from former promoters of Amtek Auto Ltd, the ministry of corporate affairs (MCA) has asked the Serious Fraud and Investigations Office (SFIT) to investigate the books and dealings of the company.
Bhaskara Pantula Mohan Arun Kumar Maiti Narender Kumar Bhola Dinkart Venkatasubramanian Gautam Malhotra Vinod Kumar Uppal

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