Premier’s one-time settlement bodes well

| Updated on August 22, 2019 Published on August 23, 2019


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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 23, 2019
This article is closed for comments.
Please Email the Editor