For instance, Punjab National Bank wanted to take action against Hindustan Antibiotics, but the lead banker to the firm, State Bank of India, is against the proposal.

 Hindustan Antibiotics owes around Rs 70 crore to the working capital lenders and around Rs 50 crore to the term lenders.

 

More From This Section

First Published: Oct 21 2003 | 12:00 AM IST

Next Story