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Sugar co Bajaj Hindusthan out of IBC net
![IndiaTimes]()
Friday, 27 October 2023
NCLT has allowed SBI to withdraw its insolvency petition against Bajaj Hindusthan Sugar after the lender said the company has cleared the overdues, or outstanding amount.Besides, SBI told NCLT that the company has assured that it will pay its dues in future. Bajaj Hindusthan Sugar owned over Rs 4,000 crore to lenders with SBI's exposure being around Rs 1,200 crore. "This development will allow us to focus fully on this business which we are convinced has an exciting future."
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Friday, 27 October 2023
