Stocks of JP Associates, Videocon, Ruchi Soya and Uttam Galva etc tanked up to 14% on news
reports that these companies will be referred to The National Company Law Tribunal (NCLT) if debt issue does not get resolved by Mid-December.
Reacting to the development, JP Associates
tumbled nearly 10% to Rs 21, while Unity Infra shed 12% to Rs 5 on the BSE. SEL Manufacturing
also tanked 14% to Rs 2 on the BSE. Meanwhile, Videocon, Ruchi Soya, Uttam Galva, Visa Steel and Nagarjuna Oil also slipped in the range of 4% to 12%.