According to the report, GVK defaulted on a $1-billion loan and a $35-million letter of credit facility given by banks in 2011, and a $160-million loan lent in 2014. Nine other GVK Group companies are also being sued in the case which opens Monday.source https://economictimes.indiatimes.com/industry/banking/finance/banking/six-indian-banks-sue-gvk-for-rs-12114-crore-report/articleshow/92140347.cms
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