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ED returns ₹952 cr assets, attached in IL&FS case, to Nirma Group
short by Vaishnavi Mishra / on Sunday, 29 June, 2025
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 more at Moneycontrol