Bankers turn cautious, may delay Bhushan loan resolution: Srcs

After the arrest of IDBI official in relation to the Kingfisher Airline case, bankers are likely to put on hold all loan resolutions till bankruptcy courts and certain schemes are put in place, sources told CNBC-TV18.

January 25, 2017 / 22:07 IST

26 Aug, 2025 12:21

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The hope of an early resolution to the Bhushan Steel loan, after JSW Steel showed interest in the company, is likely to be delayed, according to sources privy to the developments. As per sources, the bankers will now ask for rivals bids to avoid questions later. Bankers are likely to put on hold all resolutions till bankruptcy courts and certain schemes are put in place. CNBC-TV18’s Latha Venkatesh, quoting sources, says that after the arrest of IDBI Bank official in relation to the Kingfisher Airline case, bankers are likely to take Bhushan and other such cases to the bankruptcy courts. All loan write down cases, like the Essar case, could be put on the backburner. Watch video for more..

first published: Jan 25, 2017 10:07 pm

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