Venator has estimated both assets and liabilities in the range of $1 billion to $10 billion, according to a filing in the U.S. Bankruptcy Court for the Southern District of Texas.

Venator undertook a strategic review of its business earlier this year in an attempt to strengthen its liquidity after one of its top investors, J&T MS 1 SICAV, criticised the British company's poor financial performance.

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Savio D'Souza)