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Vitol Asia terminated its April 2022 voluntary emission reduction purchase agreement on Nov 4 alleging default and invoked the USD10m HSBC bank guarantee backed by ICICI counter-guarantee. EKI disputes termination and invocation as baseless and will contest via arbitration, citing Rs418.93cr standalone net worth.
EKI Energy Services Faces SEBI Market Ban And Rs 88 Lakh Penalty
EKI Energy Secures Dismissal Of ₹1.85 Crore Insolvency Petition
EKI Energy Services CFO Mohit Agarwal Resigns, Pooja Jorway Named Successor