Corporate debt restructuring cell may restructure nearly Rs 1 lakh crore worth loans

Mar 28 2014, 20:56 IST
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The corporate debt restructuring (CDR) cell may end up restructuring nearly Rs 1 lakh crore worth of loans. Thinkstock The corporate debt restructuring (CDR) cell may end up restructuring nearly Rs 1 lakh crore worth of loans. Thinkstock
SummaryIn March alone, the cell has approved debt recast for 18 cases, adding up to Rs 30,000 crore worth of debt.

company posted a Rs 156-crore loss in the three months to December, compared with a profit of Rs 18.62 crore a year ago. It reported total income of Rs 291.7 crore in the third quarter of FY14, down 40% year-on-year.

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