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SBI-led banks key to IBC case against Jaiprakash Associates

By Economic Times - a month ago
Updated claims as of end July show that financial creditors including homebuyers are owed a total of Rs 51,510 crore led by SBI which with close to Rs 15,500 crore is the largest creditor with 30% of the debt followed by ICICI Bank with 18% and IDBI Bank with 11%. All three together hold close to 60% of the debt and adding LIC's 6%, make the 66% vote needed to approve a resolution.

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