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.
