Even Obama and Bachchan could not save this company from drowning in debt

Not long ago, S Kumars Nationwide, or SKNL, defined men's luxury clothing in India. Today, it is headed for bankruptcy after defaulting on more than Rs 5,000 crore of loans. SKNL promoter Nitin Kasliwal—the man who rode high on big brands and global icons—has been declared a wilful defaulter by most lenders...

https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/this-marquee-clothing-brand-is-facing-bankruptcy-despite-riding-high-on-global-icons/articleshow/63247680.cms