Sebi says AGI failed to disclose the show cause notice issued by CCI to it, modification of its application to CCI and litigation related to the CCI order. AGI had witnessed a 236 per cent rally due to the buoyancy of CCI orders
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Petition in NCLT says AGI Greenpac benefited from the fire at HNG's Nashik plant and blames RP and COC for not taking corrective action despite the availability of funds. Employees allege RP, COC colluding with acquirer AGI, which is recruiting HNG employees after the fire
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COC approved AGI Greenpac's resolution plan before CCI approval, which is mandatory as per insolvency bankruptcy code. Later, AGI won conditional approval from CCI, which goes against the set precedents of the SC, other judges have opined.
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