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Share Market Highlights 16 January 2023: Sensex sheds 199 pts, Nifty closes below 22,050; Divis Lab, HCL Tech top losers

Share Market Highlights 16 January 2023: Sensex sheds 199 pts, Nifty closes below 22,050; Divis Lab, HCL Tech top losers
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NCLAT dismisses Kesoram's appeal in Birla Tyres insolvency case, ET Auto

Kesoram Industries appeal against the National Company Law Appellate Tribunal s Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant s application.

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Birla Tyres Insolvency Case: NCLAT dismisses Kesoram's appeal in Birla Tyres insolvency case

Kesoram Industries appeal against the National Company Law Appellate Tribunal s Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellant s application.

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Himadri Speciality Chemical Ltd and Dalmia Bharat Refractories Ltd's resolution plan for Birla Tyres Ltd approved

Himadri Speciality Chemical Ltd and Dalmia Bharat Refractories Ltd's resolution plan for Birla Tyres Ltd approved
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