Loan & Debt24 Feb 2026, 08:52 pm
A2Z Infra Engineering Ltd. Settles INR 142.05 Cr. Debt with Indian Bank through One Time Settlement
AI Summary
A2Z Infra Engineering Ltd. has signed a Full Cash One Time Settlement (OTS) with Indian Bank for a total settlement consideration of INR 50.0 Cr. The settlement is towards the debt of INR 142.05 Cr. that the company and its associate companies had availed from the bank. The company has been working to reduce its debt burden and has now settled with Indian Bank under a bilateral arrangement.
Key Highlights
- A2Z Infra Engineering Ltd. has signed a Full Cash One Time Settlement (OTS) with Indian Bank for a total settlement consideration of INR 50.0 Cr.
- The settlement is towards the debt of INR 142.05 Cr. that the company and its associate companies had availed from the bank.
- The company has been working to reduce its debt burden and has now settled with Indian Bank under a bilateral arrangement.
- The payment of INR 50.0 Cr. shall be made in installments over a period of 90 days.
- In case of non-deposit of entire OTS amount within 90 days, an additional cure period of 90 days shall be allowed along with interest at 12.25% p.a. for the delayed period from the respective due dates.