IDBI BANK SETTLES LOAN WITH AIRCEL FOUNDER SIVA

© Provided by The Times of India Mumbai: IDBI Bank has said that it has accepted the one-time settlement offer by Siva Industries’s promoters — a part of Aircel founder C Sivasankaran’s group — as it would lose more money otherwise.IDBI Bank had initiated bankruptcy proceedings against Siva Industries in 2019. The loans were availed by a group company that later merged with Siva...

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