The National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two people with knowledge of the matter. The offer from NARCL equates to a 36% recovery for lenders and has triggered a 'Swiss challenge' auction.source https://economictimes.indiatimes.com/industry/banking/finance/banking/narcl-makes-binding-offer-for-bad-loans-of-dharani-sugars/articleshow/98343862.cms
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