Pramod Mittal (PM), younger brother of global steel magnate Lakshmi N Mittal, suffered a major setback as a UK court overturned his agreement with creditors to pay 0.2% of his total debts of over US$2bn (billion).
In total, the Insolvency and Bankruptcy Board of India (IBBI) have received 6,231 complaints and grievances from which 6,172 have been disposed of post examination.