Crunch time: Toshiba is grappling with a multibillion dollar financial maelstrom stemming from Westinghouse's ill-fated purchase of a US nuclear power plant construction company in 2015.
TOKYO: Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for US nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources.
Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after Finance Minister Taro Aso also called for a decision to be made by the end of this month.
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