Agson Global, a manufacturer of aroma ingredients, was admitted to insolvency proceedings by the National Company Law Tribunal following a petition filed by the erstwhile Allahabad Bank, now part of Indian Bank. NARCL, the state-backed “bad bank”, had acquired Agson Global’s debt at a steep discount, said one of the people cited earlier. The recovery enabled NARCL to fully redeem the security receipts (SRs) issued to lenders and also distribute an additional nearly Rs 200 crore to the banks.
Oil slips again as US, Iran sign peace deal
Oil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on
June 18, 2026