Deccan Chronicle resolution professional admits Rs 78.60 bn loan due claims

DCHL had earned a revenue of Rs 3.4 billion in 2015-16, Rs 3.06 billion in 2016-17 and Rs 2.30 billion during the first three quarters of the financial year 2017-18

Lenders, as well as prospective suitors of the Deccan Chronicle Holdings Limited (DCHL), may have to take a tough call on outstanding loan dues of a whopping Rs 78.60 billion before proceeding with a possible insolvency resolution plan as the liabilities of the debt-laden media company seems far outsize its assets and income by any measure.

Resolution professional (RP) Mamta Binani has admitted loan dues of Rs 78.60 billion, which include a claim of Rs 77.02 billion from 31 financial creditors and Rs 1.5 billion from 16 operational creditors in an ongoing insolvency resolution process initiated against DCHL by Hyderabad-bench