MTNL

Property puzzle traps MTNL debt reduction

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[ad_1] Lenders’ plans to purchase property from the defaulting telco and regulate it towards dues have stalled as a consequence of curbs on the sale of those property and land-usage norms, two individuals conscious of the event stated. “Banks proposed to purchase a few of the properties of MTNL, however they didn’t agree. We might … Read more

MTNL defaults on ₹8,585 Crore loan to seven PSU banks, fails to repay principal, interest

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[ad_1] New Delhi (India) July 16 (ANI): State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling ₹8,585 crore. The telecom company shared the information in an exchange filing. The seven lender banks are Union Bank of India, Bank of India, Punjab … Read more