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Sundaram Multi Pap repay outstanding debts of SBI and IDBI Bank

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Sundaram Multi Pap announced that ECL Finance has disbursed Loan of Rs.25 crore to the Company and further Company has repaid the entire outstanding of Term Loan & Cash Credit facilities of State Bank of India & Cash Credit facilities of IDBI Bank (including Right of Recompense of State Bank of India & IDBI Bank) and hence company is successfully released from the Restructuring of Banking limits.

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First Published: Sep 28 2019 | 5:18 PM IST

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