Default6 Oct 2026, 02:13 pm
Interworld Digital Defaults on ₹0.06 Cr Loan Payment
AI Summary
Interworld Digital Ltd has disclosed defaults on loan payments for the quarter ending September 30, 2026. The company reported a total outstanding amount of ₹2.29 Crores, with ₹0.06 Crores in default. This default specifically relates to the last installment of a loan against a vehicle obtained from Kotak Mahindra Prime Limited. The company attributes the default to the past Managing Director, Mr. Man Mohan Gupta, who allegedly retained the vehicle and fraudulently shifted business assets. The management has been unable to recover the vehicle or resolve the outstanding debt with the bank.
Key Highlights
- Default of ₹0.06 Crores on loan repayment reported.
- Loan pertains to a vehicle financed by Kotak Mahindra Prime.
- Past MD allegedly involved in retaining vehicle and shifting assets.
- Company management is seeking resolution for the outstanding debt.
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