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Oswal Overseas Limited has been informed about an insolvency petition filed by L H Sugar Factories Limited with the National Company Law Tribunal, New Delhi. The petition, under the Insolvency and Bankruptcy Code, alleges defaults by Oswal Overseas under an Inter-Corporate Deposit, citing a default amount of Rs. 2.25 Cr. This initiates potential insolvency proceedings against the company. Oswal Overseas is taking necessary legal steps to protect its interests, noting that financial implications cannot be determined at this initial stage.