 "Andhra Bank withdraws insolvency plea from NCLT against HDIL")
"The company has proceeded for settlement of its balance outstanding dues and has made part payment of its balance dues. The application stands withdrawn from NCLT by Andhra Bank," HDIL said in a BSE filing.
The Mumbai-based developer did not disclose the amount it has paid and the dues still owed to the bank.
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Total income, however, fell to Rs 163.07 crore in the second quarter of the current fiscal, from Rs 223.26 crore a year ago.
Profit rose sharply as the company reported tax benefits of Rs 44.5 crore during the July-September quarter of the current fiscal.
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