DSIJ Mindshare

Penny Stock Below Rs 7 Hits Upper Circuit After PSU Bank Withdraws NCLT Petition on OTS Settlement

Market participants may interpret this as a stabilizing factor for the company, as insolvency proceedings often pose significant financial and operational challenges

Karan Dsij 1 95 Article rating: 4.3

a financial creditor, decided to withdraw its insolvency petition against the company after negotiating a One-Time Settlement (OTS). The NCLT allowed the withdrawal but here's a catch 

RSS
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR