The National Company Law Appellate Tribunal (NCLAT) has rejected a plea by the shareholders of McDowell Holdings Ltd, challenging the initiation of the corporate insolvency resolution process (CIRP) against the firm.

NCLAT rejects plea against McDowell Holdings’ insolvency proceedings

The National Company Law Appellate Tribunal has rejected a plea by the shareholders of McDowell Holdings Ltd. that challenged the initiation of the corporate insolvency resolution process against the firm.

NCLAT Rejects Shareholders’ Plea Against McDowell Holdings’ Insolvency

A two-member bench of the appellate tribunal upheld the order of the Bengaluru bench of the National Company Law Tribunal (NCLT), which on April 8, 2022, directed to initiate CIRP over the plea filed by its financial creditor Sunstar Hotels and Estates.

NCLAT rejects shareholders’ plea against McDowell Holdings’ insolvency proceedings

The market had risen 13% to 353 million cases in FY22, a sharp recovery after a slump in FY21. IMFL brands such as Royal Stag, McDowell’s and Blenders Pride account for over 70% of the spirits market. Amar Sinha, chief operating officer at Radico Khaitan that makes the 8PM whiskey, said there had be…

India say cheers at the bar, and at home with Indian-made foreign liquor

According to the technical analyst from Anand Rathi, McDowell could rise to Rs 920, whereas Mahindra & Mahindra can slip to Rs 1,220.

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Orissa Mineral Development, Bombay Rayon Fashions, McDowell Holdings, and Nagarjuna Fertilisers stocks will be in focus as they declare their June quarterly report today.

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Shareholders of McDowell Holdings have decided to invoke Section 12. A of the Insolvency and Bankruptcy Code, to pay up the ₹16.8 crore dues to Sunstar Hotels & Estates, after the creditor declined to accept the payment as part of the settlement of the insolvency process, said people familiar with t…

McDowell shareholders, creditor battle it out for Rs 920-cr UB shares

The move follows a strategic review of USL’s selected popular brands announced on February 23, 2021, it said, adding, the transaction does not include the McDowell’s or Director’s Special brands, which will be retained by USL.

United Spirits signs sale, franchise agreements for select brands with Inbrew | The Financial Express

USL will retain McDowell’s and Director’s Special whiskey as it gives up labels like White-Mischief vodka and Honey Bee brandy.

United Spirits to sell 32 liquor brands to Ravi Deol’s Inbrew for Rs 820 cr

“I believe this is the reentry of a Chinese rocket stage, the third stage of the Chang Zheng 3B serial number Y77 which was launched in Feb 2021 - it was expected to reenter in the next hour or so and the track is a good match,” McDowell said in a tweet.

Blazing light trail seen over Maharashtra sky a meteor shower or Chinese rocket re-entry? Experts have the answer

While many people described the sighting as a “meteor shower,” astronomer Jonathan McDowell speculated that the celestial event seen over Maharashtra was actually the “re-entry of a Chinese rocket stage” that was launched in February 2021.

Meteor shower or Chinese rocket re-entry? Streak of lights brighten up skies of Maharashtra, MP - WATCH

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

McDowell Holdings Limited is an investment holding company. The Company has investments in the UB Group companies, which are engaged in the business of manufacture and sale of beer, chemicals and fertilizers.