Debt

Debt Financing

Operational creditors to drag Siti Networks to NCLT: report

Business Line  

Essel Group enterprise Siti Networks is likely to be dragged to the National Company Law Tribunal (NCLT) by dissatisfied business operational creditors for debt resolution. The company owes an estimated INR 1,600 crore to its vendors who supply goods and materials to the company. Essel Group owns 6.1 % shareholding in Siti Networks.