Six Indian banks sue GVK for Rs 12,114 crore: Report

According to the report, GVK defaulted on a $1-billion loan and a $35-million letter of credit facility given by banks in 2011, and a $160-million loan lent in 2014. Nine other GVK Group companies are also being sued in the case which opens Monday.

from Banking/Finance-Industry-Economic Times https://ift.tt/VHcJD8I