Highlights of Credit and Finance

November 26th, 2016

‘Bharati Defence Approached BIFR With Malafide Intent’

The effort of Bharati Defence and Facilities (formerly Bharati Shipyard) to get registered as a sick business under the Board for Industrial amp; Financial Reconstruction (BIFR) has fallen flat on premises of malafide intent. Following rejection, the company recently approached the Appellate Authority for Industrial and Financial Restoration, sources informed FE. The business gross debt […]