‘Promoters of Essel firm Shirpur Gold diverted assets’
The NSE and BSE have alerted the National Company Law Tribunal (NCLT) that the promoters of Essel Group’s Shirpur Gold Refinery may have redirected company assets to benefit themselves. The notification followed instructions from the Securities & Exchange Board of India, which had passed down an interim order and show cause notice against the refiner and mentioned violations of other regulatory provisions.
