Published - October 19, 2012 11:27 pm IST - MUMBAI:
ICICI Bank, on Friday, decided to withdraw the debt recast case of Deccan Chronicle Holdings from the Corporate Debt Restructuring (CDR) cell.
ICICI Bank is the lead bank to a consortium of banks that include Axis Bank, Kotak Mahindra Bank, and Canara Bank. These banks now have to resolve their Rs.4,000-crore exposure to Deccan Chronicle Holdings bilaterally.
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