Settlement plan includes payment of ₹660 crore to a consortium of 18 banks and ₹11.38 crores of statutory dues to the Maharashtra Maritime Board.
Balaji Infra Projects Ltd, the majority promoter of Dighi Port Ltd, has submitted a proposal to a clutch of lenders to clear their dues after the National Company Law Appellate Tribunal (NCLAT) allowed time till August 21 for financial creditors to “consider” such a proposal before deciding on a batch of appeals filed by various parties in the resolution process of the debt-laden port.
“The settlement plan submitted by Balaji Infra Projects includes payment of ₹660 crore to a consortium of 18 banks led by Bank of India and ₹11.38 crores of statutory dues to the Maharashtra Maritime Board (MMB),” said Vijay Kalantri, chairman and managing director.
