Legal21 Feb 2025, 08:48 pm
Bank of India Declares Gupta Power Infrastructure Ltd.'s Account as Fraud with a Provision of 212.62 Crore INR
AI Summary
Pursuant to the SEBI (LODR) Regulations, 2015, Bank of India has declared a Non Performing Asset (NPA) belonging to Gupta Power Infrastructure Ltd. as a fraud. The outstanding amount with provision held by the company is 212.62 crore INR. This information has been reported to the Reserve Bank of India (RBI) as per regulatory requirements.
Key Highlights
- Bank of India declares Gupta Power Infrastructure Ltd.'s account as fraud
- The outstanding amount with provision held by the company is 212.62 crore INR
- This information is reported to RBI as per regulatory requirements