NCLT ordered for liquidation of Nagarjuna Oil Corporation, an associate company of Nagarjuna Oil Refinery.
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Shares of Nagarjuna Oil Refinery touched 52-week low of Rs 0.91, falls 17 percent intraday Thursday after NCLT ordered liquidation of associates company.
National Company Law Tribunal (NCLT), Chennai ordered for liquidation of Nagarjuna Oil Corporation (NOCL), an associate company of Nagarjuna Oil Refinery (NORL).
The order is contingent to appeal under the procedure of law by the parties.
First Published on Dec 13, 2018 12:28 pm
