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Shares of Premier will remain in focus, as the company paid ₹31.17 crore to Corporation Bank, as one-time settlement.
Corporation Bank had filed an application before the National Company Law Tribunal, Mumbai, under the Insolvency and Bankruptcy Code, for recovery of their dues amounting to ₹51.99 crore.
Subsequently, they arrived at an OTS amount of ₹31.17 crore as full and final settlement of their dues. Shareholders will watch further developments.
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