NCLT orders liquidation of Usha India, rejects ₹22.49Cr plan
NCLT orders liquidation of Usha India, rejects ₹22.49Cr plan — The NCLT Allahabad bench has ordered the liquidation of Usha India Ltd after rejecting a ₹22.49 crore resolution plan, marking a significant legal development for the debt-laden company. This move signals no revival path under IBC, triggering potential asset sales. Shareholders face near-total value erosion as liquidation proceedings begin.
📊 STOCKS: USHAINDIA | 🏢 SECTOR: Legal | #HIGHIMPACT #Liquidation
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⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.
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