Tamil Nadu: NTK functionary claims DMK MPs Kanimozhi & others took over ailing sugar factory for liquor production organiser.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from organiser.org Daily Mail and Mail on Sunday newspapers.
The Madras High Court has observed that the Essential Commodities Act ,1955, is one of the "primary reasons of the very existence of our democracy" and that both central and state governments are.
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The National Company Law Appellate Tribunal (NCLAT), Chennai has rejected a plea by R.V. Tyagarajan, erstwhile CMD of Thiru Arooran Sugars Ltd. against the order of liquidation.
In April, the National Company Law Tribunal (NCLT), Chennai had ordered liquidation after lenders did not find any viable plan for revival of the company.
In 2019, NCLT had ordered insolvency proceedings against the firm in a case filed by State Bank of India for alleged default of ₹149.36 crore. An SBI-led consortium, that included Punjab National Bank, IDBI Bank, UCO Bank and Union Bank of India, had granted credit facility to the tune of ₹159.94 crore to the company in 2016.
The National Company Law Tribunal (NCLT), Chennai, has ordered liquidation of Thiru Arooran Sugars Ltd. after lenders did not find any viable plan for revival of the company.In 2019, the NCLT had orde