Ricoh India Creditors Approve Bankruptcy Plan as Shareholder Group Offers Bid

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On February 18, Ricoh announced that a Committee of Creditors (COC) headed by Deutsche Bank had approved a plan to resolve the bankruptcy of Ricoh India. Ricoh India, a subsidiary of Ricoh Corporation of Japan, entered insolvency proceedings a year ago under India’s amended Insolvency and Bankruptcy Code (IBC). The company collapsed in October 2017 in

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