The Hyderabad NCLT has approved a ₹2,400 crore OTS plan by Gayatri Projects' promoters, resolving ₹8,100 crore in dues to lenders led by Canara Bank. With 97% lender approval, the promoters have 90 days to pay ₹750 crore, cover bank guarantee invocations, and allocate ₹450 crore from arbitration claims.
from Banking/Finance-Industry-Economic Times https://ift.tt/ktRD1Yz
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