ED returns ₹952 cr assets, attached in IL&FS case, to Nirma Group

Vaishnavi Mishra, Published on Jun 29th, 2025

ED returns ₹952 cr assets, attached in IL&FS case, to Nirma Group

ED has returned assets worth ₹952 crore, attached during a money laundering probe, to a Nirma Group unit in the multi-crore IL&FS case. The Surat-based plant of Vadraj Cement would be restored to Nuvoco Vistas Corporation, which has taken over the defunctional company through a resolution process. Vadraj Cement had received loans from IL&FS that were later declared non-performing.

Read Full Article ...

© yugma 2025

Google Play and the Google Play logo are trademarks of Google LLC.

Apple and the Apple logo are trademarks of Apple Inc.