NARCL makes binding offer for bad loans of Dharani Sugars

The National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two people with knowledge of the matter. The offer from NARCL equates to a 36% recovery for lenders and has triggered a 'Swiss challenge' auction.

from Banking/Finance-Industry-Economic Times https://ift.tt/K0XmndQ