tag:blogger.com,1999:blog-7560742510697286456.post4887122222959201115..comments2024-03-28T20:50:55.366+05:30Comments on Rare Indian Shares ( by Ashwani K Aggarwal ): Binani Cement-Insolvency Proceedings StartAshwani Kumar Aggarwalhttp://www.blogger.com/profile/10820001457282962646noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7560742510697286456.post-507141374473873032017-08-07T22:08:19.605+05:302017-08-07T22:08:19.605+05:30Another company which has not sent Annual Report o...Another company which has not sent Annual Report or held AGM for more than 3 years / not cleared its dues is Amritsar based Nijjer Agro Foods.<br /><br />1 ) Its Directors should be removed<br />2) Proceeding should be initiated under the new Insolvency and Bankruptcy Code ( IBC )<br /><br /><br />Nijjer Agro Foods May Gain From Recent Bankruptcy / Restructuring Laws<br />Recently enacted Insolvency / Bankruptcy Laws and Asset Restructuring procedures enabling New Investors for NPA / debt laden companies has infused fresh life in to moribund shares like Amtek Auto.<br /><br />Another such company may be Amritsar based Nijjer Agro Foods ( Delisted for non compliance from BSE).<br /><br />Nijjer Agro Foods is asset laden<br /><br />It has a huge land holding on GT Road ( Near Amritsar Toll Plaza ) and an excellent production facility.<br /><br />Nijjer Agro Foods used to make Maggie sauces / ketchups for Nestle and supplied Amla juice to Patanjali.<br />It , also, had a milk plant/ ice cream factory.<br /><br />Earlier there were unconfirmed reports of Nestle, Reliance Fresh etc were interested in taking over.<br /><br /><br />May be time has , now finally come for New Investors /Promoters to move in .Ashwani Kumar Aggarwalhttps://www.blogger.com/profile/10820001457282962646noreply@blogger.com