The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP).
The 20th meeting of the consolidated committee of creditors (CoC) of Videocon Industries Ltd and other 12 Videocon group companies, having a consolidated corporate insolvency resolution process, is scheduled to be held on Tuesday, January 5, the firm said in a regulatory filing.
This is in accordance with the provisions of Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, it added. Last month, the lenders of Videocon Industries had approved the bid by Twin Star Technologies, promoted by billionaire Anil Agarwal…
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