https://www.taxtmi.com/news?id=74947 FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company. en-us Wed, 23 Sep 2026 10:01:03 +0530 Wed, 23 Sep 2026 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74947 FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company. News - Wed, 23 Sep 2026 10:01:03 +0530 https://www.taxtmi.com/news?id=74947