Rajesh Exports Repays ₹510 Crore to Canara Bank Following DRT Order

Rajesh Exports Ltd has fully settled a ₹510 crore debt obligation to Canara Bank after a directive from the Debt Recovery Tribunal, following previous recovery blockages.

31 Aug, 20:13 — 31 Aug, 20:13

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economic-times2d ago

Rajesh Exports repays ₹510 crore dues to Canara Bank after DRT order

Canara Bank recovered all dues totaling ₹510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The bank initiated this action after the company blocked other recovery attempts. Rajesh Exports faced allegations of financial misrepresentation from SEBI. The bank was the largest creditor for the gold and jewellery exporter.

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Rajesh Exports Repays ₹510 Crore to Canara Bank Following DRT Order

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Rajesh Exports repays ₹510 crore dues to Canara Bank after DRT order

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