NCLT admits Bank of India's insolvency process against RNA Corp

The public sector lender had granted a loan of Rs 75 crore to RNA Corp in October 2013 and the builder defaulted on repayment of this loan in December 2014, since then the account has been classified as a non-performing asset. The bank has claimed total dues worth Rs 80.73 crore including the principal loan, interest, penal interest and legal expenses.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Rr2MRi