SBI files insolvency plea against simplex

SBI files insolvency plea against simplex https://ift.tt/hxH9RkC are not too enthusiastic about the recovery chances from the account. "EPC companies such as these typically have a lot of pending receivables from the government, which invariably have some counterclaims. So recoveries are very difficult as these companies have very little assets that can be monetised," said a second person aware of the company's position.