TCG gets court nod to acquire bankrupt textile co

By Beena Parmar

  • 06 Jan 2021
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Credit: Thinkstock

Purnendu Chatterjee led The Chatterjee Group (TCG) has received court approval to acquire a popular debt-ridden textile company under the bankruptcy process. Chemicals manufacturer MCPI Polyester Private limited (SPV), a wholly owned subsidiary of TCG, has been granted approval by the Ahmedabad bench of the National Company Law Tribunal to buy ......

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