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The pipes manufacturer in an exchange filing said it has paid Rs 659 crore to secure assets belonging to ABG Shipyard which is undertaking an insolvency resolution plan. "We are now pleased to inform that the liquidator of ABG Shipyard Ltd has declared
#Welspun Corp | CMP: Rs 280.80 | The scrip added over 13 percent last week. The company and its unit Nauyaan Shipyard Pvt Ltd secured some assets belonging to ABG Shipyard Ltd.
Even as the concerned parties seek clarity on ED attaching assets of ABG Shipyard, Welspun Corp Limited's winning bid of Rs 659 crore has raised hopes of the liquidation process under Insolvency & Bankruptcy Code. @VinayUmarji reports #ED #ABG Shipyard
The @dir_ed (ED) has attached assets worth ₹2,747.69 crore in the ABG Shipyard Limited money laundering case. The move comes a day after the @cbic_india arrested ABG Shipyard founder Rishi Kamlesh Agarwal.
The ED said it has attached dockyards, agricultural lands, commercial properties and bank deposits worth more than Rs 2,747 crore as part of an alleged bank loan fraud linked money laundering investigation against ABG Shipyard Ltd.
#NewsAlert | The @dir_ed has attached assets worth Rs 2,747.69 cr in ABG Shipyard case. Read here- #ABGShipyard #Fraud #Scam
ED has attached assets worth Rs. 2747.69 Crore belonging to ABG Shipyard Ltd., its group companies and other related entities under PMLA, 2002 in a bank loan fraud case.
Bank accounts owned by ABG Shipyard Ltd, its group companies and other related entities: ED
Enforcement Directorate (ED) has attached assets worth Rs 2,747.69 Cr in ABG Shipyard Limited case. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and residential premises in Gujarat and Maharashtra: ED