Key Updates (Point-wise)
- Company Name: NRB Industrial Bearings Ltd (NIBL)
- Regulatory Update: An application for Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 was withdrawn.
- NCLT Decision: The National Company Law Tribunal (NCLT) Mumbai Bench dismissed the application as it was withdrawn by the applicant.
- Insolvency Case: The case was filed by Mrs. Harshbeena Sahney Zaveri against NRB Industrial Bearings Ltd.
- Court Hearing Date: March 5, 2025
- Effect on Business: The company remains unaffected as no insolvency proceedings will be initiated.
Effect on Share Market
- The withdrawal of the insolvency application is a positive sign for the company’s stock.
- Investors might regain confidence in NIBL, leading to stability or an uptick in stock prices.
- The market reaction depends on investor sentiment and future financial disclosures.
Company Details
- Full Name: NRB Industrial Bearings Ltd
- Registered Office: Mumbai, Maharashtra, India
- CIN: L29253MH2011PLC213963
- Stock Exchange Listing:
- BSE Code: 535458
- NSE Symbol: NIBL
- Website: http://www.nrbindustrialbearings.com
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
