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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