Deepak Kochhar’s NuPower Renewables blames bank loan default on MSEDCL
NuPower, accused of receiving Rs 64 crore in ‘kickbacks’ from Videocon Industries in lieu of an ICICI Bank loan of Rs 1,865 crore, reportedly had only Rs 37 lakh in cash as on December 31, 2020, against debt servicing of Rs 13.63 crore, said a banking source.
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First Published: Fri, April 09 2021. 04:03 IST