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Shah Metacorp Faces NCLT Application by Tejomay Exim Under IBC

Story Highlights
  • Tejomay Exim Corporation has filed a Section 9 IBC application against Shah Metacorp at NCLT Ahmedabad.
  • The financial implications and quantum of claims from this litigation remain undetermined for Shah Metacorp.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shah Metacorp Faces NCLT Application by Tejomay Exim Under IBC

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Shah Metacorp Ltd ( (IN:SHAH) ) has provided an announcement.

Shah Metacorp Ltd has disclosed that Tejomay Exim Corporation has filed an application against the company before the National Company Law Tribunal (NCLT) in Ahmedabad under Section 9 of the Insolvency and Bankruptcy Code, 2016. The company stated that the expected financial implications and the quantum of claims arising from this litigation have not yet been determined, leaving investors and other stakeholders without clarity for now on the potential impact on Shah Metacorp’s financial position.

More about Shah Metacorp Ltd

Average Trading Volume: 403,693

Technical Sentiment Signal: Strong Buy

Current Market Cap: 3.06B INR

For a thorough assessment of SHAH stock, go to TipRanks’ Stock Analysis page.

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