The Resolution professional of Videocon Industries has already filed an application with the NCLT to declare such transactions as "void and be set aside", said a note filed by the company to bourses while updating financial results for four quarters. This has come after an independent transaction review audit was conducted by the resolution professional of the company as required under the Insolvency and Bankruptcy Code for identification of preferential, undervalued, extortionate and fraudulent transactions.
This story is from the June 10, 2023 edition of Business Standard.
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This story is from the June 10, 2023 edition of Business Standard.
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