The proposal of infusing Rs 402 crore for payments to lenders, creditors, workers and employees has now been recommended to NCLT for their approval, said Mahendra Singhi, Group CEO & Wholetime Director, Dalmia Bharat.
Murli’s case was admitted for insolvency resolution by the Mumbai bench of the National Company Law Tribunal in April
One such company is Bharati Shipyard, where lenders plan to use the bankruptcy code and file a case with National Companies Law Tribunal (NCLT), according to sources. They may appoint E&Y as resolution professional.
Murli Industries . has reported a standalone total income from operations of Rs 2.22 crore and a net loss of Rs 50.42 crore for the quarter ended Dec '15
Murli Industries . has reported a standalone total income from operations of Rs 0.18 crore and a net loss of Rs 47.14 crore for the quarter ended Sep '15
Murli Industries . has reported a standalone total income from operations of Rs 1.15 crore and a net loss of Rs 47.76 crore for the quarter ended Jun '15
Murli Industries . has reported a standalone total income from operations of Rs 10.74 crore and a net loss of Rs 65.02 crore for the quarter ended Mar '15
Murli Industries . has reported a standalone total income from operations of Rs 23.13 crore and a net loss of Rs 51.83 crore for the quarter ended Dec '14
Murli Industries . has reported a standalone sales turnover of Rs 110.39 crore and a net loss of Rs 53.53 crore for the quarter ended Dec '13
Murli Industries . has reported a standalone sales turnover of Rs 87.10 crore and a net loss of Rs 50.29 crore for the quarter ended Sep '13
The Securities and Exchange Board of India slapped a penalty of Rs 25 lakh on five entities for failing to disclose shareholding in Murli Industries.
SEBI has imposed a penalty of Rs two lakh on Minerva Textiles for allegedly not providing details sought by market regulator's Investigation Authority (IA) regarding a probe in shares of Murli Industries Ltd (MIL).
The Securities and Exchange Board of India has dropped its charges against 30 of the 69 entities alleged to have been involved in the price rigging of Welspun Corp., Murli Industries, Hubtown (formerly Ackruti City), Brushman India, and RPG Transmission in 2010. These entities had been banned from accessing the capital market since December 2010.
Murli Industries can move upto Rs 46-50 in next maybe couple of months, says SP Tulsian of sptulsian.com.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com spoke about his multi-bagger ideas for investors.