HUDCO recovers Rs 317 cr in old loan default case

State-owned HUDCO today said it has recovered a substantial amount of Rs 317 crore in an old loan default case as against the dues of about Rs 470 crore at the end of the last fiscal.

In a regulatory filing, HUDCO informed that "an old default case of a borrower has been substantially resolved after prolonged litigation, where HUDCO has received an amount of Rs 317 crore, against the dues of Rs 469.38 crore as on March 31, 2018."