• SENSEX
    NIFTY 50
VIDEOS
Economy

Banks ask Binani Ind to revise settlement offer of Rs 7,268 cr to Rs 8,000 cr

Updated : April 05, 2018 12:38 PM IST

Banks have asked Binani Industries to revise their settlement offer. Ritu Singh has more details.

Banks have asked Binani Industries to revise their settlement offer which we understand worth for about Rs 7,268 crore to over Rs 8,000 crore.

Pointers

-Banks have sought deposit cash of Rs 750 crore and bank guarantee of another Rs 7,250 crore from Binani Industries for any kind of settlement -NCLAT will hear Dalmia Bharat’s plea against termination of IBC/settlement offer today -Dalmia asking the banks to not go for the settlement offer
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement