After Patanjali, now Videocon blames PM Modi’s demonetisation announcement for Rs 39,000 crore debt

The consumer appliances maker has blamed Prime Minister Modi, the Supreme Court and the Brazilian government for the current misfortune plaguing the company. A report by Bloomberg said that PM Modi’s demonetisation decision in November 2016 chocked supplies for making cathode ray tube (CRT) televisions and forced Videocon to shut the business. In its filing before the National Company Law Tribunal, which has initiated the … Continue reading After Patanjali, now Videocon blames PM Modi’s demonetisation announcement for Rs 39,000 crore debt