SME Times News Bureau | 23 Nov, 2020
Integrated logistics provider and part of the Coffee Day group, Sical
Logistics, on Sunday said it has defaulted a sum of Rs 280.68 crore of
loans taken from banks and financial institutions and interest on that.
In
a regulatory filing, the city-based Sical Logistics said its total
outstanding -short and long term borrowings - as on September 30, stands
at Rs 913.87 crore.
Out of that, the amount of default as on date stands at Rs 280.68 crore.
According
to Sical Logistics, the default amount mentioned above is excluding
loan recalled amount of Rs 241.48 crore, due to non-compliance of
certain covenants of the loan agreement.
