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Simbhaoli Sugars Limited — Important, 03-07-2026: Fraud/Default/Arrest
03-07-2026 | 04:57 pm
03-07-2026 | 04:57 pm
PNB declared Simbhaoli Sugars' Rs. 109.82 Cr loan accounts as 'Fraud' due to fund misappropriation. The company asserts no material impact, being under CIRP protection per IBC rules, which shields it from past liabilities.
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