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A bankrupt textile firm, previously backed by Citigroup fund, has found suitors including a group firm owned by Ravi Jhunjhunwala. CLC Industries Ltd (formerly Spentex Industries Limited) has received resolution plans from Jhunjhunwala’s Delhi-based RSWM Ltd and a consortium of Aurangabad-based Manjeet Cotton Private Limited and Vitthal Corporation. Jhunjhunwala owns carbon and ......
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