PE-backed personal care and speciality chemical maker enters bankruptcy

Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ordered insolvency.  Mumbai-based VVF (India) Ltd, with a total debt of around Rs 1,400 crore (around $189 million), was admitted into insolvency last week.   In January last year, the company’s financial ......