India: The National Company Law Tribunal has initiated a corporate insolvency resolution process for Vadraj Cement. The former cement producer defaulted on US$10.5m in debts owed to Punjab National Bank. Mint News has reported that Vadraj Cement has total debts of US$843m.
Tribunal orders insolvency proceedings against Vadraj Cement
URL: https://globalcement.com/news/item/16918-tribunal-orders-insolvency-proceedings-against-vadraj-cement
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