"Out of total claim amount of Rs 71,433.75 crore, claims admitted are for Rs 64,838.63 crore and the plan is approved for an amount of only Rs 2,962.02 crore, which is only 4.15 per cent of the total outstanding claim amount and the total hair cut to all the creditors is 95.85 per cent," the NCLT observed.
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Tuesday, June 15, 2021
Videocon insolvency: Creditors to take 96% haircut on dues; NCLT requests increase in pay-out
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