NCLT doubts Videocon’s sale remained confidential

The court also compared the 99.3% haircut that the operational creditors had to take with a “tonsure” or “total shave”. In its order, the NCLT requested lenders and the buyer to pay more to operational creditors, especially the micro, small and medium enterprises.

from Stocks-Markets-Economic Times https://ift.tt/3iKAFu4