Nk Proteins

"We have already secured recoveries amounting to Rs 1,233.02 crore by way of decree on admission against 5 defaulters and through injunctions from a total of 18 defaulters with outstanding of Rs 4,515.93 crore as of December 31, 2015, " Chief Executive Prakash Chaturvedi said in a newsletter to shareholders

NSEL crisis: NK Proteins offers to pay in tranches

NK proteins has offered to pay Rs 25 crore upfront and 5 crores every month.

NSEL fiasco: EOW to look into overreach issues of FTIL

The EOW believes that there is a prima facie case for suspecting the misuse of software used across FTIL and its subsidiaries across a number of platforms.

NSEL fiasco: Mumbai EOW arrests NK Proteins MD Nilesh Patel

NK Proteins has an exposure to extent of about Rs 935 crore. Nilesh Patel is also the son-in-law of the former chairman Shankarlal Guru, so important questions of conflict of interest also being probed.

Bombay HC: NSEL can't pounce on members' assets

NSEL suffered a major blow today when the Bombay High Court denied it any ad-interim relief. The troubled spot exchange had filed a suit against members, NK Proteins and Tavishi Enterprises, earlier this month seeking ad-interim relief by way of an injunction with respect to properties of the two members.

NSEL case: I-T raids NK Proteins premises, 24 others

CNBC-TV18 reports that the President of India is to issue an Executive Order on NSEL scam in two days as the income tax department raids warehouses of defaulters across the country.