Sidbi news and archive

SAIF Partners accuses Catmoss of fudging funds

Promoters of kids’ wear brand Catmoss are now being accused by the private equity investor SAIF Partners for fudging funds. The investor has approached the Delhi High Court to restrain Catmoss from activities such as: selling company assets and destroying its finance books. This is the second instance in kids’ wear segment of PE investors...

Apparel

Catmoss Saga: Sidbi files winding-up petition

Kids’ wear maker Catmoss Retail, which is already facing audit investigations on the demand of its private equity investor SAIF Partners, has now been slapped with a winding up petition by one of its lenders Small Industries Development Bank of India (Sidbi). It has filed a winding up petition in the Delhi High Court against Catmoss and accused...