SIDBI is the first lender to seek resolution of the IL&FS group’s debt under the Insolvency and Bankruptcy Code, India’s first consolidated bankruptcy law that was passed in 2016.
from The Financial ExpressThe Financial Express https://ift.tt/2xQ1BiQ
Wednesday, 26 September 2018
Troubled IL&FS faces new threat as SIDBI files insolvency case for defaulting on short term repayment
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