The National Company Law Tribunal (NCLT) in Kolkata has blocked a petition from Central Bank of India that would have allowed insolvency proceedings against Simplex Infrastructures. The engineering company remains in debt to government agencies and contractors, with some payments mired in arbitration. The debt could potentially allow Simplex to pay back creditors, according to the judgment.
Tariffs, FIIs, and the Dollar: Sandeep Tandon deciphers market moves
Sandeep Tandon, CIO of Quant Mutual Fund, expresses confidence in India’s market recovery potential for April despite recent corrections. He points out that India is