The Cheaters who manipulated the Shares.

In talk with int player to sell cement biz stake: Murli Industries 

Murli Industries has been recently barred from market trading by the Securities and Exchange Board of India (SEBI) for allegedly violating guidelines and accused the promoter of colluding with broker Sanjay Dangi to manipulate share prices.

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Murli Cement’s Rs 1450cr loan from PSU banks goes sour

Murli Cement’s Rs 1450cr loan from PSU banks goes sour

NAGPUR: Yet another city-based company has ended up being a bad loan account. M/s Murli Cement, which has a plant at Chandrapur and owes Rs 1450 crore to a consortium of 18 PSU banks, has even failed to meet terms of a corporate debt restructuring (CDR) plan. Over a couple of months ago, the bankers decided to withdraw the CDR proposal.

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Banks to move against Murli Group for loan default

NAGPUR: Finally, a major bank defaulter from the region may face some action. Over a dozen PSU banks, led by Bank of Baroda (BoB) are planning to invoke the Securitization Act against Murli Group of Industries that has interests in cement, agro-processing and paper and owes more than Rs 1450 crore to the financial institutions.

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The Share Manipulation Story

SAT upholds Sebi order against 5 entities; slashes penalty

Mumbai: The Securities Appellate Tribunal (SAT) has upheld Sebi’s order against five entities in a case related to failure of disclosing requisite details to the bourses but has reduced the penalty amount.

Read more at: The cheaters who looted family and friends by using Share Market as Firewall.