Lenders of ABG Shipyard have written to the Reserve Bank of India seeking more time for dispensation of strategic debt restructuring case, according to people close to the development, reports CNBC-TV18's Ritu Singh. They said that the lenders claim legal proceedings stalled the conversion of debt to equity.Banks are keen on bringing in a new investor for a company via SDR route. Sources said the the company is in exploratory talks with players for investment.Watch video for more...
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!
