You Will Never Believe These Bizarre Truth Of Now These Two Big Brands Are At The Edge Of Bankruptcy.

The issue of Nirav Modi, who has been absconding by placing thousands of crores of rupees to PNB, has not been quiet yet, two more famous brands have not been able to lend Rs 5,000 crore.
The condition is that both brands have reached the brink of bankruptcy in the present time.

According to the report of Economic Times, after defaulting the loan of Rs 5,000 crore, fashion brand Reid and Taylor and its parent company S. Kumars Nationwide has turned bankruptcies to court. 2 senior officials told this to the Economic Times. Please tell that Reid & Taylor had ever done Endorser by Amitabh Bachchan.


s. Kumars Nationwide promoter Nitin Kasliwal has declared most willful defaulter (deliberately not a non-debt) to most banks and other financial institutions, so he will not be able to participate in the resolution plan. IDBI Bank S Insolvenians started prosecution against Kumars, while Edwallis Asset Reconstruction Company Reid & Taylor (India) was dragged into the Insolvenian Court.

A senior official said, "The lending banks and other institutions are considering a comprehensive debt restructuring package for both companies because Reid & Taylor and S. Kumars is connected to Nationwide. ' He said, "Therefore, it has been decided to appoint a single representative professional for both the companies." Lenders have advised the name of Abhay Mannhane, who as a representative of the National Company Law Tribunal (NCLT) as a national representative, will look at the bankership proceeds of both the companies.
You Will Never Believe These Bizarre Truth Of Now These Two Big Brands Are At The Edge Of Bankruptcy. You Will Never Believe These Bizarre Truth Of Now These Two Big Brands Are At The Edge Of Bankruptcy. Reviewed by News keera on 11:12 am Rating: 5

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