STERLING-BIOTECH
Moneylife Digital Team 24 June 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned the directors of Sterling Biotech Ltd from accessing the securities market in a matter pertaining to fraudulent issuance of global depositories receipts (GDR) by the company.

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Moneylife Digital Team 09 February 2021
In one more shocking twist to the controversial goings-on at major corporate defaulter Sterling group, it has been revealed that the fugitive Sandesara family is not only dictating terms to Indian public sector banks (PSBs) but have also continued to do business with the state-run oil companies.

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IANS 29 August 2019
Senior Congress leader Ahmed Patel's son Faisal Patel reached the Enforcement Directorate office for questioning here on Thursday in the alleged case of multi-crore bank fraud and money-laundering by the Gujarat-based Sterling Biotech.

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Even while the National Company Law Tribunal (NCLT)’s Mumbai bench blasted a consortium of banks for their attempt to withdraw the bankruptcy petitions of the Sterling Biotech group – bankers themselves seem to be in a defiant mood and are set to contest the NCLT order.

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Moneylife Digital Team 13 March 2019
The National Company Law Tribunal (NCLT) has not accepted the attempt of bankers to let of the Sandesara group of Sterling Biotech by accepting a sharp haircut and a one time settlement (OTS)

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