Subhiksha Corporate Debt Restructuring (CDR) misses July 31 deadline. The reason being the report is not ready yet.
Banks provide for most of Rs 850 cr loans this quarter. Banks are likely to extend CDR by another month. Banks have asked Subhiksha promoters to bring Rs 250 cr.
ICICI Bank, HDFC Bank, BOB are BOI are some of these bankers.
Subhiksha owes Rs 181.50 crore to ICICI Bank, Rs 149.89 crore to HDFC Bank, Rs 75 crore to Bank of Baroda, Rs 50 crore to Bank of India, Rs 50 crore to Federal Bank and another Rs 50 crore to Yes Bank.
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