by Owen Collins | Feb 19, 2019 | City News
Following the company’s split from its parent OEM last year, the former subsidiary has now taken the latest step in its insolvency proceedings. Ricoh India’s Committee of Creditors (COC) has approved the Resolution Plan with the required majority, as set out in the...
by stefanie | Jan 18, 2019 | City News
Kotak Investment Advisors and Karvy Data Management Services have submitted bids to acquire Ricoh’s troubled Indian subsidiary. As the Economic Times reports, the “distressed” Ricoh India has almost Rs 3000 crore ($421.7 million/€369.7 million) in unpaid dues and owes...
by Owen Collins | May 29, 2018 | City News
The OEM has announced that its former Indian subsidiary is no longer part of the Ricoh Group. The news follows the decision by the Ricoh India Board to initiative the corporate insolvency resolution process, which will see it proceed with an internal restructuring,...
by stefanie | Jan 30, 2018 | City News
The OEM has released a notice relating to its Indian subsidiary’s application to initiate a corporate insolvency resolution process. Towards the end of 2017, The Recycler reported on the insolvency solution process filed against Ricoh India by one of its creditors,...
