ED provisionally attaches six properties worth Rs 10.55 crore

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-0.6% vs market

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AI summary

ED provisionally attached six properties worth Rs. 10.55 crore in Gurugram, Greater Noida and Ludhiana, held by promoter-linked parties, in a money-laundering case arising from alleged pollution-law violations at Sushant Lok Phase I and Esencia. The company reports no current impact because it entered court-led insolvency resolution on February 25, 2025; its board is suspended and a resolution professional manages its affairs.

Likely market impact

No current impact as the company is already under insolvency resolution. The attachment raises promoter, governance and stock-price risk.