A non-bailable warrant (NBW) has been issued against the directors of Deccan Chronicle Holdings by a Chandigarh-based Sessions Court in a case related to cheques bouncing to the tune of Rs 6 crore, reports CNBC-TV18's Appaji Reddem.
The case is filed by Religare Finvest and the chief executive officer of the Religare Group Sachindra Nath confirmed the same. This apart, there are several winding up petitions filed against DCHL in Andhra Pradesh High Court and the total liabilities of the company towards several banks and financial institutions is estimated at about Rs 4,000 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
