Central Bank files a personal insolvency case against Biyanis

The bank has filed a personal insolvency case against promoter Kishore Biyani, his elder brother Vijay Biyani and cousin Sunil Biyani with total claims of ₹1,047 crore. All three had given personal guarantees for loans applied by subsidiaries Iskrupa Mall Management, Syntex Trading and Agency and Unique Malls, as per documents seen by ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/QFhPX1J