Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution process - Dealers Care

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Wednesday, 26 September 2018

Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution process

The corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around Rs 20,000 crore, was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai on 6 June 2018.

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