Talwalkars Better Value Fitness has made a default in the payment of interest on loan from banks/ financial institutions viz. Axis Bank, South Indian Bank and Andhra Bank. The company is in discussion with its bankers for restructure of its debt obligations.
The company defaulted on interest payment worth Rs 94 lakh, which was due on July 31.
Talwalkars Better Value Fitness is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand ‘Talwalkars’.
