CDR cell gets Rs.30k cr proposals in FY13

Just five months into 2012-13, the quantum of loans being referred to the corporate debt restructuring (CDR) cell has hit nearly R30,000 crore, with R2,200 crore brought to the cell in August itself. Among high-profile cases approved by bankers for recast this year are those of HCC for R3,300 crore, Hotel Leela for a sum of R4,300 crore and Bharti Shipyard which will be allowed more lenient terms for an outstanding of R5,800 crore.

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