Bank of Baroda takes Gayatri Projects to NCLT over unpaid dues


Bank of Baroda takes Gayatri Projects to NCLT over unpaid dues

The company owes little less than ₹6,000 crore to the country's financial system, with Bank of Baroda exposure being nearly a quarter of the total loans, a third person said.

The genesis of the dispute lies in a complaint filed before the CCI by Muthoot Finance, a South-based gold loan company. The CCI had passed an order on December 23 last year directing the Director General (DG) to conduct an investigation against three firms - IDBI Trusteeship, SBICAP Trustee and Axis Trustee – and the industry body TAI for alleged ‘cartelisation’.


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