SEBI
had asked companies to disclose loan defaults at the end of every quarter
Source : The Hindu, SEBI
60 Listed entities default amount of almost ₹75,000 crore as
on December 31.
More importantly, there are nine companies that have
defaulted on loans worth more than ₹1,000 crore each even as bulk of the
overall default amount pertains to companies belonging to the Anil Ambani
Group.
As per stock exchange disclosures, Anil Ambani Group
companies such as Reliance Communications, Reliance Naval & Engineering,
Reliance Infrastructure and Reliance Power have defaulted on loans totalling a
little more than ₹43,800 crore as on December 31, 2019.
Reliance Communications accounts for a chunk of the portion
at ₹32,575 crore.
Apart from these entities, well-known names like Suzlon
Energy, Jaypee Infratech, Ansal Housing, Aban Offshore, ISMT, Religare
Enterprises, Bedmutha Industries, Hindustan Construction and Bombay Rayon
Fashions also feature in the first list of such defaulters.
Source : The Hindu, SEBI