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Tuff Drilling defaults on Rs 120-cr loan, sparks political storm

Separately, Tuff Drilling and two directors Om Prakash and Vivek Yadav were named willful defaulters by United Bank of India

N Sundaresha Subramanian  |  New Delhi 

Tuff Drilling, the Delhi-based contractor of Gujarat State Petroleum Corporation (GSPC), has defaulted on loans of over Rs 120 crore to three public sector banks. The little-known supplier of rigs, Tuff and its Gujarat government-owned client GSPC, are at the centre of a political storm as the Opposition led by the Congress is demanding a detailed probe in to what they have codenamed the "new KG scam." Congress leaders have alleged kickbacks and other irregularities, which merits a Joint Parliamentary panel probe. Tuff Drilling was awarded the contract to supply platform ...

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Tuff Drilling defaults on Rs 120-cr loan, sparks political storm

Separately, Tuff Drilling and two directors Om Prakash and Vivek Yadav were named willful defaulters by United Bank of India

Separately, Tuff Drilling and two directors Om Prakash and Vivek Yadav were named willful defaulters by United Bank of India Tuff Drilling, the Delhi-based contractor of Gujarat State Petroleum Corporation (GSPC), has defaulted on loans of over Rs 120 crore to three public sector banks. The little-known supplier of rigs, Tuff and its Gujarat government-owned client GSPC, are at the centre of a political storm as the Opposition led by the Congress is demanding a detailed probe in to what they have codenamed the "new KG scam." Congress leaders have alleged kickbacks and other irregularities, which merits a Joint Parliamentary panel probe. Tuff Drilling was awarded the contract to supply platform ... image
Business Standard
177 22

Tuff Drilling defaults on Rs 120-cr loan, sparks political storm

Separately, Tuff Drilling and two directors Om Prakash and Vivek Yadav were named willful defaulters by United Bank of India

Tuff Drilling, the Delhi-based contractor of Gujarat State Petroleum Corporation (GSPC), has defaulted on loans of over Rs 120 crore to three public sector banks. The little-known supplier of rigs, Tuff and its Gujarat government-owned client GSPC, are at the centre of a political storm as the Opposition led by the Congress is demanding a detailed probe in to what they have codenamed the "new KG scam." Congress leaders have alleged kickbacks and other irregularities, which merits a Joint Parliamentary panel probe. Tuff Drilling was awarded the contract to supply platform ...

image
Business Standard
177 22