Mumbai: The State Bank of India on Friday revealed the names of 10 new big-ticket firms from the pharmaceuticals, gems and jewellery and power sectors and also their top officials as it declared them ‘wilful defaulters’.
Mostly based in Mumbai, the outstanding from these loan defaulters are pegged at nearly 1,500 crore, and they have been served repeated reminders to clear their borrowings.
The SBI has warned them all of legal action if they fail to repay their dues with interest and other charges within the next 15 days.
The defaulters also include players from the infrastructure and other sectors, according to public notices issued by the Stressed Assets Management Branch 1 (SAM-1), Cuffe Parade.
The biggest defaulter on the list, with an outstanding of Rs 3,47,30,46,322, is Spanco Ltd. The company has its office in Godrej Coliseum, Sion, and its two directors – Kapil Puri and his wife Kavita Puri live nearby in Chembur.
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