Standard Chartered Bank approves OTS of BL Kashyap & Sons

16 Jan 2018

Standard Chartered Bank (SCB) has approved one time settlement (OTS) of BL Kashyap & Sons. As per proposal the serviceable debt shall be repaid by January 31, 2018 and the reason for opting for OTS has been mismatch of cash flows being NPA account.

BL Kashyap & Sons is engaged in the business of construction of factories and manufacturing facilities, IT campuses, commercial and residential complexes and malls.

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