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NCLT dismisses Standard Chartered’s plea in Ruchi Soya case
short by Shruti Maria Mahendar / on 10 Feb 2019,Sunday
The National Company Law Tribunal (NCLT) has dismissed Standard Chartered Bank's petition to reclassify it as a financial creditor to Ruchi Soya, stating the lender is too late in seeking the change. Standard Chartered is seeking to recover around ₹375 crore from Ruchi Soya, which is undergoing insolvency resolution. The company owes over ₹10,000 crore to banks and financial institutions.
short by Shruti Maria Mahendar / 07:49 pm on 10 Feb
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