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Blog Entry# 5942896
Posted: Jan 15 (16:08)

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Jan 15 (16:08)   State Bank of India Seeks Insolvency Proceedings Against PC Jewellers for Loan Default

expressMinister   112 news posts
Entry# 5942896         Tags   Past Edits
पीसी ज्वैलर को NCLT से बड़ी राहत! एसबीआई से 1180 करोड़ का कर्ज कैसे चुकाएगी कंपनी?

State Bank of India (SBI) filed a petition in June 2023 with the National Company Law Tribunal (NCLT) seeking insolvency proceedings against PC Jewellers for failing to repay a loan of 1180 crore rupees. SBI, along with other banks, is owed a total of 3,278 crore rupees by PC Jewellers. ...
more...
In a previous hearing, PC Jewellers informed NCLT that they would settle a significant portion of their debt with different banks within the next three years, including repaying 2,200 crore rupees with an 8.5% interest rate. PC Jewellers, a listed company, also stated that they are doubling the advance amount to expedite the loan repayment process. Previously, in November 2023, SBI had seized two of PC Jewellers' residential properties to recover its dues. PC Jewellers, founded by PC Gupta, Amar Chand Garg, and Balram Garg, is a prominent jewelry brand in India, offering gold, silver, gems, and diamond jewelry.

State Bank of India (SBI) ne June 2023 mein PC Jewellers ko 1180 crore rupees ka loan nahin dene ke case mein National Company Law Tribunal (NCLT) mein appeal daal diya tha. SBI, aur bhi banks ke saath, PC Jewellers par 3,278 crore rupees ka loan outstanding hai. PC Jewellers...
more...
ne pehle ki sunwai mein NCLT ko bataya tha ki woh agle teen saalon mein different banks ke loan ka bada hissa settle kar denge, jisme 2,200 crore rupees ka loan 8.5% interest rate ke saath repay karne ki baat hai. PC Jewellers, ek listed company, ne yeh bhi bataya hai ki woh loan repayment process ko jaldi karne ke liye advance amount ko double kar rahe hain. Pichhle November 2023 mein, SBI ne apne baki ki recovery ke liye PC Jewellers ki do residential properties ko seize kar liya tha. PC Jewellers ki establishment PC Gupta, Amar Chand Garg, aur Balram Garg ne ki thi. Yeh India mein ek famous jewelry brand hai, jisme gold, silver, gems, aur diamond jewelry bechti hai.

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