India Glycols Legal & Regulatory
India Glycols filed for mediation to recover a ₹79.76 Crore insurance claim against New India Assurance. The claim relates to material damage and business losses.
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- ₹79.76 Cr
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India Glycols filed for mediation to recover a ₹79.76 Crore insurance claim against New India Assurance. The claim relates to material damage and business losses.
India Glycols' NCLT hearing for its Scheme of Arrangement was deferred due to paucity of time. A new hearing date is yet to be notified.
India Glycols Ltd received a GST appellate order setting aside a prior Rs.7.21 Lakh penalty. A nominal penalty of Rs.10,000 was imposed due to a clerical mistake in an E-way bill. The company decided not to appeal given the small quantum of the fine.
India Glycols Limited announced that the NCLT, Allahabad Bench, admitted its second motion petition regarding a Scheme of Arrangement. The tribunal directed newspaper publications and notices to authorities for representations within 30 days. The matter is listed for further proceedings on May 21, 2026.