{"id":404587,"date":"2021-03-12T11:23:44","date_gmt":"2021-03-12T05:53:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404587"},"modified":"2021-03-12T11:23:44","modified_gmt":"2021-03-12T05:53:44","slug":"canara-bank-led-consortium-gets-rs-800-cr-settlement-offer-from-road-asset-promoter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/canara-bank-led-consortium-gets-rs-800-cr-settlement-offer-from-road-asset-promoter\/","title":{"rendered":"Canara Bank-led consortium gets Rs 800-cr settlement offer from road asset promoter"},"content":{"rendered":"<p>A consortium of lenders led by Canara Bank has received a one-time settlement (OTS) offer of Rs 800 crore for bad loans worth Rs 1,428 crore from road asset developer HKR Roadways. SBI Capital Markets has sought matching or higher bids for settlement of the company\u2019s outstanding loans.<\/p>\n<p>In stressed assets where there are few other options before lenders, they have been taking the OTS route to exit the account. The process involves a call for other bids as public sector banks want to avoid being accused of malfeasance in taking substantial haircuts and handing back a company to its promoters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of lenders led by Canara Bank has received a one-time settlement (OTS) offer of Rs 800 crore for bad loans worth Rs 1,428 crore from road asset developer HKR Roadways. SBI Capital Markets has sought matching or higher bids for settlement of the company\u2019s outstanding loans. In stressed assets where there are few other options before lenders, they have been taking the OTS route to exit the account. The process involves a call for other bids as public sector banks want to avoid being accused of malfeasance in taking substantial haircuts and handing back a company to its [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-404587","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404587"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404587\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}