Premier, maker of iconic Fiat Padmini, faces bankruptcy
Premier, the Pune-based company that produced the iconic Premier Padmini modelled on the Fiat 1100, has been dragged to the National Company Law Tribunal by Corporation Bank. The state-owned lender has filed a bankruptcy case against Premier to recover dues worth â¹52 crore. The BSE-listed company had forayed into engineering after the production of the Premier Padmini ceased in 1997. 