In the month of April, banks have referred around 15 fresh loan recast cases or more than Rs6,000 crore to the Corporate Debt Restructuring (CDR) cell.
According to reports eight Tayal group companies topped the list with loans of over Rs2,800 crore. Some of the companies include ICOMM Tele ( Rs1,350cr), Jaybharat Textiles (Rs290cr), Krishna Knitwear ( Rs790cr), KSL & Industries (Rs460cr), Tayal Energy ( Rs235cr), PCH Retail (Rs330cr), Actif Corporation (Rs230cr), Eskay Knit India (at Rs229cr) and Moser Baer Solar (Rs740cr). All these loans are standard assets and are in the flash stage, which is the first stage of restructuring under CDR cell.
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According to reports eight Tayal group companies topped the list with loans of over Rs2,800 crore. Some of the companies include ICOMM Tele ( Rs1,350cr), Jaybharat Textiles (Rs290cr), Krishna Knitwear ( Rs790cr), KSL & Industries (Rs460cr), Tayal Energy ( Rs235cr), PCH Retail (Rs330cr), Actif Corporation (Rs230cr), Eskay Knit India (at Rs229cr) and Moser Baer Solar (Rs740cr). All these loans are standard assets and are in the flash stage, which is the first stage of restructuring under CDR cell.
....more info