Ansal Housing Continues Defaulting In Repayment To Various Lenders

New Delhi: Ansal Housing is continuing with its defaults in repayment to various lenders including IFCI Ltd and Suraksha Asset Reconstruction Ltd.

The realty firm defaulted on 15 February, 2020 in repayment to IFCI Ltd to the tune of Rs 7.11 crore towards principal and Rs 11.68 crore towards interest. 

Ansal Housing also defaulted on 23 February, 2020 in repayment to Indiabulls Commercial Credit Ltd to the tune of Rs 149.85 crore towards principal and Rs 21.03 crore towards interest.

The realty company also defaulted on 29 February, 2020 in repayment to Suraksha Asset Reconstruction Ltd to the tune of Rs 136. 36 crore towards principal and Rs 24.24 crore towards interest. On the same date, the company defaulted in repayment to ROVO Marketing Pvt Ltd to the tune of Rs 0.06 crore towards interest. On 29 February itself, Ansal Housing alos defaulted in repayment to Narinder Singh and Sons Pvt Ltd to the tune of Rs 0.04 crore towards interest. On the same date, the company defaulted in repayment to Trinidhi Finance Pvt Ltd to the tune of Rs 0.03 crore towards interest.

The total amount of outstanding borrowings from banks and financial institutions was Rs 520.35 crore as on 30 March 2020 and the total financial indebtedness of the company including short-term and long-term debt was Rs 709.63 crore on that date. 

Ansal Housing incurred a net loss of Rs 10.24 crore in the October-December quarter of the 2019-20 fiscal as against a net loss of Rs 5.62 crore in the corresponding period of the previous fiscal, according to a regulatory filing.   

 

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