Videocon Must Pay Italy's Intesa Rs.260 Cr: Bom HC
  • Prabha Hedge
  • Dec 09 2013

December 9: The Bombay High Court says that the instilling confidence in the minds of international investors is now a matter of public interest. While slamming Videocon for not honoring its Rs.260 crore loan from an Italian Bank, the bench says there was a clear attempt by Videocon to create hurdles in recovery and that the company must act with seriousness to pay its debts. Bloomberg TV India’s Avantika Gode shares a detailed report.