Defaults on Rs 200 cr interest payment on NCDs
Ricoh India announced that the Company at present is under Corporate Insolvency Resolution Process (CIRP) as per Insolvency and Bankruptcy Code, 2016.Keeping in view the same, Ricoh India is not in a position to honour its obligation to pay 7% Half Yearly interest on Rs 200 crore Non-Convertible Debentures issued by the Company to Ricoh Asia Pacific (Debenture Holder) which was due for payment on 10 September 2018.
Powered by Capital Market - Live News