Wednesday, September 18, 2019

Posted at: Sep 10, 2019, 7:12 AM; last updated: Sep 10, 2019, 7:15 AM (IST)

Don’t sell Videocon’s assets, SBI told

Don’t sell Videocon’s assets, SBI told

Mumbai: The NCLT has asked SBI not go ahead with its plans to sell the overseas oil & gas assets of Videocon Industries in its bid to recover some of their dues from the group. Asking for maintaining the status quo, the NCLT said if SBI is allowed to execute the sale as advertised, the Videocon Group may suffer an irreparable losses if this tribunal in future takes a view that the assets in question belong to or owned by the group. PTI


All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On