Companies under insolvency process to face additional surveillance from June 11
Updated : June 14, 2018 10:53 AM IST
The data available with the BSE shows that 75 firms, including ABG Shipyard, Amtek Auto, Bhushan Steel, Jaypee Infratech, Electrosteel Steels, Mandhana Industries, Monnet Ispat & Energy, Ruchi Soya Industries, Supreme Tex Mart, Vardhman Industries and Rei Agro, are undergoing insolvency process as per the Insolvency and Bankruptcy Code (IBC).
These companies undergoing insolvency process as per the IBC would be monitored on a pre-determined objective criteria and the margin on securities would be "levied at the rate of 100 per cent once the criteria gets satisfied."
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