NCLT orders liquidator of steel cos to admit TVS Motor's claim

The automaker had extended the said financial assistance at the agreed rate of annual 12% interest. Kalisma Steel agreed to repay the money in five tranches. Also, the promoters of Kalisma Steel had provided shares of ₹2 crore as the security deposit. An email query to TVS Motors was unanswered till press time.

from Auto-Industry-Economic Times https://ift.tt/eQmCoGi