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Videocon Telecom lenders invite bids under insolvency law

Updated : September 26, 2018 08:50 AM IST

The corporate insolvency resolution process (CIRP) of Videocon Telecommunications (VTL) was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai bench on June 11, 2018.
In the beginning of this year, the country's largest lender State Bank of India (SBI) had filed separate insolvency proceedings against Videocon Industries and Videocon Telecommunications.
The company is running business of national and international long distance licences, and e-KYC licence.
Videocon Telecom lenders invite bids under insolvency law

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