Bajaj Hindusthan sugar proposes second restructuring plan
CFO News
DECEMBER 16, 2022
Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.
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