It is extremely unusual for public sector financial institutions to break ranks and oppose each other as Bank of Maharashtra (BoM), Sidbi and IFCI have done in the Videocon group bankruptcy case. But then, so many things about the group’s run-in with the regulators for some years are unusual.
It gets more complicated since some of those run-ins also involve the Vedanta group, whose entity Twin Star Technologies Limited has emerged the winner of the rescue plan. In the bankruptcy case, the three financial institutions have dissented to the resolution plan approved by the ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
Copyrights © 2021 Business Standard Private Ltd. All rights reserved.
RECOMMENDED FOR YOU