By Ajit Joshi
Prominent Mumbai-based diamond firms in deep trouble, owe hundreds of crores to banks and lenders.
News of two leading companies going belly-up has sent jitters down Mumbais diamond bourse. While a consortium of banks declared one of them bankrupt, the other has filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in a US Bankruptcy Court.
The two companies, Interjewels Pvt Ltd and Ankur Diamonds, are leading exporters and manufacturers of diamonds. Interjewels is one of the countrys most prominent diamond firms. Sources close to the development told this newspaper that Interjewels, which is headed by Hemal Choksi, owes as much as Rs 800 crore to banks and private lenders, while Ankur Diamonds is in…
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