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GAIL approaches NCLT for claim against Videocon

May 30, 2019

Source: The Economic Times

GAIL approaches NCLT for claim against Videocon

GAIL has approached National Company Law Tribunal (NCLT) after Videocon’s resolution professional rejected its ₹390 crore claim in the insolvency resolution process. The Mumbai bench of NCLT has asked Videocon’s resolution professional to reply by June 10, and GAIL to file its rejoinder by June 17. The Videocon Group owes more than ₹85,000 crore to lenders.

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