Bankrupt textile firm on RBI defaulters list to be acquired at 84% discount

By Beena Parmar

  • 24 Feb 2021
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Credit: Thinkstock

A fraud-hit, bankrupt readymade garments maker is being acquired by a consortium of buyers from India and the Middle East, following a nod from the insolvency tribunal. The garments maker was part of the Reserve Bank of India’s second list of around 28 defaulter companies to be referred to the ......

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