New Delhi: Singapore’s DBS Bank Ltd has filed a winding-up petition against Vishal Retail Ltd in the Delhi high court in a bid to recover money it loaned to the troubled retailer, a person close to the development said.The petition, filed earlier this week, is the latest in a string of cases DBS has brought in various courts to recover dues of around Rs40 crore from Vishal Retail. DBS Bank has also approached the debt recovery tribunal in New Delhi. Full Story
