Banks ask Binani Ind to revise settlement offer of Rs 7,268 cr to Rs 8,000 cr

Banks have asked Binani Industries to revise their settlement offer. Ritu Singh has more details.

Banks have asked Binani Industries to revise their settlement offer which we understand worth for about Rs 7,268 crore to over Rs 8,000 crore.

-Banks have sought deposit cash of Rs 750 crore and bank guarantee of another Rs 7,250 crore from Binani Industries for any kind of settlement

-NCLAT will hear Dalmia Bharat’s plea against termination of IBC/settlement offer today

-Dalmia asking the banks to not go for the settlement offer