Creditors of Nagarjuna Oil told to explain liquidation value
The bankruptcy court has asked creditors of Nagarjuna Oil Corporation to explain the basis of liquidation value of the Chennai-based company’s assets and why it rejected some resolution plans. The Committee of Creditors (CoC) has to submit its explanation before the Chennai bench of National Company Law Tribunal (NCLT) on September 25.
Petitioners in the case, Haldia Petrochemicals and Gulf Petrochemicals, had offered resolution plans for Nagarjuna Oil. At the last hearing, they had raised objection to CoC’s decision to reject their resolution plans and also the high liquidation value of the corporate debtor. CoC had recommended liquidation on the ground that their bids were below the liquidation value of Rs. 1,450-crore.
You May Interested In
β-Nicotinamide Adenine Dinucleotide High Quality NAD+ CAS 53-84-9 Exclusive Production Factory CAS NO.53-84-9
$75/UNIT FOB
2026-07-26
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Lilly’s Mounjaro Enters China’s State Insurance System
-
Vertex Pushes Gene Therapy Into Younger Children With Blood Disorders
-
Smog Becomes a Sales Catalyst as Respiratory Drugs Surge in November
-
Cracking Europe: When the Chemical Empire Loses Its Heat
-
DKSH to Distribute Exsymol's Silanols, Peptides, and Natural Active Ingredients in South Korea
-
Venator Launches TMP- and TME-Free Titanium Dioxide
-
Arkema's New Singapore Plant Commences Operations, Tripling Polyamide Capacity
-
Hengli Sanctions Spill Over: One Barrel of Iranian Crude Pulls an Aromatics Chain Into Risk
-
Chemicals Are Going Wild: Sulfur Surges 512%, Titanium Dioxide, Polyols and Sulfuric Acid Lose Control
-
Global Chemical Inventories Hit Critical Lows as Over 200 Chinese Companies Suspend Quotations
Recommend Reading
-
When Soybeans Lose Weight, Fertilizers Take the Stage: The Industrial Chain Reaction Behind U.S. Farm Subsidies
-
The Capital Undercurrent in the Desert: China’s Banks, Saudi Gas, and the “Absent” Chinese Funds
-
“The 40-Year Ethylene Giant Collapses”: ExxonMobil’s Premature Shutdown Is Not Just Scotland’s Tragedy—It’s the Twilight Elegy of European Industrial Civilization
-
Aramco Acquires Sumitomo’s Stake for $702 Million, Boosting Control of Petro Rabigh to 60% — What Global Ambitions Does This Move Reveal?
-
The Shipping Cold War Sets Sail: The Triple Game Behind China’s Sanctions on Hanwha Ocean
-
Premium Global Chemical Sourcing Requests (7 - 11 Feb, 2026)
-
DMF Inventory Remains High, Prices Stay Stable
-
Polyethylene Weakens with Fluctuations, Trading Remains Light Before the Chinese New Year
-
Coking Coal Market Prices Remain Stable, with Little Price Fluctuation
-
The Game Between Costs and Demand: Melamine Remains Stable