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KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea

By Beena Parmar

  • 04 May 2021
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KKR-backed stressed textile firm avoids bankruptcy as tribunal tosses lender plea
Credit: Thinkstock

A tribunal has rejected a plea of government-owned Bank of Baroda (BoB) to initiate bankruptcy against a Mumbai textile company backed by global private equity firm KKR.  Publicly listed polyester maker JBF Industries was dragged to the National Company Law Tribunal (NCLT) by the third largest public sector bank over a ......

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