February 21st, 2018
Lenders initiate insolvency proceedings against Winsome Diamonds and Jewellery
Four years after Jatin Mehta of Winsome Diamonds and Jewellery duped banks of Rs 7,000 crore, lenders have now initiated corporate insolvency process against the firm. The Ahmedabad NCLT gave a green light to initiate bankruptcy on 13th February and Sunit Shah has been named the interim resolution professional, Economic Times reported.
Creditors have been asked to submit their claims by February 27. Under the insolvency process the board of Winsome Diamonds was suspended and the IRP vested with the power of the board, said the Economic Times report.
December 28th, 2018
Lab grown threatening natural gems?
December 19th, 2018
De Beers sells $540 mn in December vs $455 mn December 2017
December 3rd, 2018
Sotheby's to auction man-made diamond
November 21st, 2018
De Beers reports lower sales in November
November 16th, 2018
Pink diamond sells for $50 mn at Christie's
November 6th, 2018
Israeli police seeking to question Leviev over diamond smuggling, media report