IECC comes under the ‘red’ category of subsidiaries, which means that the beneficiaries of the resolution process will be its largest lenders. These include SBI, ICICI Bank and IL&FS Group. The company has an outstanding debt of Rs 4,700 crore, part of which is owed to the promoter group.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jvogYc
