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Tamil Nadu: NTK functionary claims DMK MPs Kanimozhi & others took over ailing sugar factory for liquor production

Tamil Nadu: NTK functionary claims DMK MPs Kanimozhi & others took over ailing sugar factory for liquor production
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Essential Commodities Act Is One Of Primary Reasons For Existence Of Our Democracy: Madras High Court

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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Sugar stocks hit lower filter on subsidy squeeze - The Hindu BusinessLine

But analysts continue to be positive on firm price trend ....

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NCLAT rejects Thiru Arooran ex-CMD's plea

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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. ....

Tamil Nadu , Supreme Court , National Company Law Tribunal , Thiru Arooran Sugars Ltd , Punjab National Bank , National Company Law Appellate Tribunal , Union Bank , Thiru Arooran Sugars , State Bank , Thiru Arooran , தமிழ் நாடு , உச்ச நீதிமன்றம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , பஞ்சாப் தேசிய வங்கி , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , தொழிற்சங்கம் வங்கி , நிலை வங்கி ,

NCLT orders liquidation of sugar firm

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 ....

Tamil Nadu , Ramakrishnan Sadasivan , National Company Law Tribunal , Thiru Arooran Sugars Ltd , Punjab National Bank , Distilleries Private Ltd , Union Bank , Thiru Arooran Sugars , State Bank , Private Ltd , Economic Offences Wing , தமிழ் நாடு , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , பஞ்சாப் தேசிய வங்கி , தொழிற்சங்கம் வங்கி , நிலை வங்கி , ப்ரைவேட் லிமிடெட் , பொருளாதார குற்றங்கள் சாரி ,