Six Indian banks sue GVK for Rs 12,114 crore: Report - Economic Times

According to the report, GVK defaulted on a $1-billion loan and a $35-million letter of credit facility given by banks in 2011, and a $160-million loan lent in 2014. Nine other GVK Group companies are also being sued in the case which opens Monday.

Six Indian banks are reportedly suing the GVK Group for $1.5 billion or Rs 12,114 crore, according to the Times of India. The six banks include , , , , , and Axis Bank.According to the report, GVK de… [+1222 chars]

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