Tag: Lenders make U-turn

Videocon insolvency: Lenders make U-turn, approach NCLAT for fresh bids

After getting rapped for accepting Vedanta group’s bid that might give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT seeking fresh bids for the debt-laden consumer durable firm. Billionaire Anil Agarwal’s Twin Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, […]

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