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Newslaundry
Newslaundry
National
Tanishka Sodhi

UNI’s insolvency proceedings: End of the road or will investors ride to the rescue?

Uni NCLT Newslaundry

A news agency formed to take on PTI’s monopoly six decades ago, United News of India’s slump over the past 10 years recently culminated in the initiation of the insolvency proceedings against it. 

On May 19, the National Company Law Tribunal passed an order in favour of UNI’s employee union group, which claims a debt of Rs 103 crore, and initiated a corporate insolvency resolution process.

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