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After Gupta, Nairs, Bhatia its Now Facor Steels Limited initiate insolvency process – Nagpur Today

3 min read


Nagpur: Create economic uncertainty by indulging in financial mismanagement and corruption seems to be the most-liked but equally dubious modus operandi of companies to go bankrupt in order to dodge the action of their creditors. The Jayaswals of Neco, Nairs of Orange City Hospital, Nairsons of coal companies and many such more hit the headlines for financial mismanagement, corruption and scams. All these entities faced or facing the disgraceful actions of auctions of their assets. The list of such companies indulging in corruption and scams is getting bigger and bigger. One more name has been added to the list. Facor Steels Limited is on the block.

The National Company Law Tr…

Read the full article at: http://www.nagpurtoday.in/after-gupta-nairs-bhatia-its-now-facor-steels-limited-initiate-insolvency-process/06122049

Category: BankruptcyBy Insolvency GuardianJune 12, 2017

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After Gupta, Nairs, Bhatia its Now Facor Steels Limited initiate insolvency process – Nagpur Today

3 min read


Nagpur: Create economic uncertainty by indulging in financial mismanagement and corruption seems to be the most-liked but equally dubious modus operandi of companies to go bankrupt in order to dodge the action of their creditors. The Jayaswals of Neco, Nairs of Orange City Hospital, Nairsons of coal companies and many such more hit the headlines for financial mismanagement, corruption and scams. All these entities faced or facing the disgraceful actions of auctions of their assets. The list of such companies indulging in corruption and scams is getting bigger and bigger. One more name has been added to the list. Facor Steels Limited is on the block.

The National Company Law Tr…

Read the full article at: http://www.nagpurtoday.in/after-gupta-nairs-bhatia-its-now-facor-steels-limited-initiate-insolvency-process/06121500

Category: LiquidationBy Insolvency GuardianJune 12, 2017

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PreviousPrevious post:Le Maire proposes linking debt relief to growth – KathimeriniNextNext post:WATCH: Boss of Sheffield pub declared insolvent with £1m debts makes Facebook video to explain venue’s “severe … – The Star

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