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Mcnally Bharat Engineering Co Ltd
Business  /  Published 01.06.22

McNally lenders claim Rs 5751cr

McNally Bharat Engineering Co Ltd, which is undergoing a corporate insolvency resolution process, has received claims worth Rs 5,750.95 crore from the financial creditors and lenders in the run-up to ...
By Sambit Saha in Calcutta

Business  /  Published 30.04.22

McNally Bharat steered into insolvency process

The two entities pledged the promoter shares in these entities as collateral for the loans. When McNally failed to pay up and the profitability of the tea industry came under pressure, the promoter e...
By Sambit Saha in Calcutta

Business  /  Published 11.02.22

Ban on asset sale by 3 Magor firms

A division bench of the Delhi high court has upheld an injunction that bars three operating companies of The Williamson Magor group from dealing in their assets. The bench has dismissed appeals filed...
By Sambit Saha in Calcutta

Business  /  Published 29.06.20

Khaitan lenders offload shares

Taking advantage of a recent spurt in the stock prices of three frontline manufacturing companies of Calcutta’s Khaitan family, lenders have started invoking pledged shares again.DMI Finance Private...
By Sambit Saha in Calcutta

Business  /  Published 21.07.19

Deloitte drops Magor duo audit jobs

Deloitte Haskins & Sells has resigned as the statutory auditors of McLeod Russel India Ltd & McNally Bharat Engineering Co Ltd, weeks after raising a stink on the annual financial statements o...
By Sambit Saha in Calcutta


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