Indian IT Company Brings Insolvency Petition against Ricoh India

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A New Delhi, India-based IT company has petitioned the government to commence insolvency proceedings against Ricoh’s beleaguered Ricoh India subsidiary. Fourth Dimension Solutions (FDS) asked the National Company Law Tribunal (NCLT) to start insolvency proceedings against Ricoh India under a new bankruptcy law passed last year that lets creditors initiate insolvency actions against debtors, according

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