Lakshmi Energy and Foods Limited has made a clarification regarding the NSE having identified LEFL promoters as defaulting entities.
LEFL claims that the promoters paid Rs. 155.3 crore to four companies through the NSEL platform for the purchase of paddy, right before the NSEL suspended its operations. LEFL filed 12 suits in a Punjab court to recover the money, and states that the matter is sub-judice. The NSEL order identifying the LEFL promoters as defaulters are, LEFL says, in direct contravention of the court orders.