Banking News
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Source: The Hindu BusinessLine
The Hindu BusinessLine
Source
Banking Sector
Category
2 min
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29 Aug
Published
Banking Sector
2 min read· The Hindu BusinessLineCanara Bank, Union Bank of India, LIC Housing Finance to challenge NCLT nod to Subhash Chandra's ₹6.25-cr repayment plan
Big Indian banks are heading to the appellate court to stop a controversial debt settlement plan. They are unhappy with a small repayment offer compared to huge outstanding claims.
Canara Bank, which held a 1.60% voting share, said it had voted against the repayment plan and will file an appeal before the National Company Law Appellate Tribunal
#CANARA
Source: The Hindu BusinessLine