NCLT junks insolvency plea against Simplex, cites co’s stuck receivables

May 12, 2023

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.

More To Explore

Adani Power shares may rally 18%, positioned as a pure play in India’s thermal power space: InCred Equities

InCred Equities has initiated coverage on Adani Power with an ‘add’ rating and a target price of Rs 649, citing a potential 17.8% upside. The

May 29, 2025

What’s there in store for metal stocks? Amnish Aggarwal explains

Amnish Aggarwal of Prabhudas Lilladher notes that metal stocks have rallied due to raw material price benefits, not volume growth. While safeguard duties offer price

May 29, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003