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NCLAT asks Axis Bank, Siti Network’s creditors to hold ₹143 crore in separate interest-bearing account

By Livemint - 3 days ago
The National Company Law Tribunal had earlier in October ordered the repayment of ₹143 crore to Siti Networks following a petition that its creditors had unlawfully withdrawn funds from the Essel Group subsidiary while a stay on insolvency proceedings was in effect.

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