Rs 5383cr bank fraud: Sterling Biotech Ltd faces insolvency – Times of India
Vadodara: The National Company Law Tribunal (NCLT), Mumbai bench has given an order to commence corporate insolvency process against city-based Sterling Biotech Ltd (SBL) that had defaulted on loans taken from Andhra Bank. The order to commence insolvency was given on June 11 and made public on June 26. The CBI had in October last…