Once-iconic textile firm enters bankruptcy to weave its way out of crisis

By Beena Parmar

  • 14 Jul 2020
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Credit: 123RF.com

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset reconstruction company (ARC) dragged it to the National Company Law Tribunal (NCLT). The NCLT last month admitted a little over 90% of the claims worth Rs 2,104 crore made by Invent ......

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