Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) – Outlook India

(Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) With a total loan outstanding of close to INR 150 crore owed to three of the large public sector banks in the country, the decision will enable timely and speedy resolution to the insolvency process pending since last four years Hyderabad, India Business Wire India The Honble Supreme Court of India (Supreme Court) in a Special Leave Petition filed by a Prospective Resolution Applicant (PRA) …

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