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cox & kings financial services limited: Mumbai police arrest close aide of Cox & Kings owner in Rs 400-crore bank fraud case

Mumbai police arrested Ajit Menon, a close aide of Cox & Kings owner Ajay Peter Kerkar, in connection with a fraud case involving Yes Bank. Menon was apprehended at Cochin airport in Kerala after arriving from London. A Look Out Circular was issued against him. Menon was brought to Mumbai and remanded in police custody until April 15.

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Mumbai police apprehend trusted associate of Cox & Kings owner in Rs 400-crore bank fraud investigation

Mumbai police apprehend trusted associate of Cox & Kings owner in Rs 400-crore bank fraud investigation
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NCLT admits Cox & Kings Financial Services for insolvency resolution

NCLT admits Cox & Kings Financial Services for insolvency resolution SECTIONS Share Synopsis This is the second listed firm promoted by Ajay Kerkar to be admitted under the Corporate Insolvency Resolution Process (CIRP) since the flagship firm and travel company Cox & Kings Ltd is also going through an insolvency resolution process. Agencies YES Bank had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after the company defaulted on its dues of over Rs 445 crore. The dedicated bankruptcy court has admitted the insolvency petition against Cox & Kings Financial Services Limited (CKFSL) and appointed Pardeep Kumar Sethi as interim resolution professional (IRP) for the company.

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stocks to buy today: The landmines you may have bought in this market in hunt for a quick buck

Synopsis While market veterans are looking at the stupendous gains in some of the midcap and smallcap stocks to raise alarm bells, what should really set the cat among the pigeons is what is happening in the darkest stretches of India’s stock market. Getty Images Shares like Uniply Industries, STI India, Cox & Kings Financial Services, Talwalkars Healthclubs and KSS, which have risen 3-100 per cent in last nine months, are likely to see a permanent trading halt by June 14. MUMBAI: If anything, the domestic stock market’s rebound from the lows of March has been eye-popping. And new-age retail investors armed with trading apps on their mobile phones were on the forefront leading this revival.

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