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Lenders seek more time for insolvency action against Videocon oil arm: Sources to ET Now

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ET Now learns from sources that the SBI-led consortium has sought permission from the Reserve Bank of India to postpone insolvency action against the Videocon subsidiary - Videocon Oil Ventures - which owes the lenders over Rs 20,000 crore. SBI is understood to have sought a 2-year dispensation from the RBI in connection with the loans to the Videocon. Neha Bothra reports.

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