Moneycontrol News
Inox Wind shares fell nearly 7 percent in morning trade Monday despite the company’s clarification on issues related to insolvency proceedings and Jeena case against it.
Last week media reports indicated the wind energy service provider is headed for insolvency, after the National Company Law Tribunal’s Chandigarh bench (NCLT) ordered commencement of the process in response to the plea made by Jeena & Company, an operational creditor.
Customs agent, Jeena & company, filed the case with National Company Law Tribunal over non-payment of dues totalling Rs 57 lakh.
Inox Wind clarified the company has filed an appeal before the National Company Law Appellate Tribunal (NCLAT), seeking the said proceedings be qu…
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