LIC to pursue all options to recover money from Unitech: Media Report

Posted By: Religare
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Unitech's Rs 200-crore loan account continues to remain sub-standard, said LIC as per the PTI report and added that it will pursue all options to recover the money.

LIC also said all processes, as prescribed by the Reserve Bank and the government to deal with wilful defaulters, will be initiated if Unitech fails to repay the dues on time.

Unitech had taken Rs 200-crore loan from LIC in 2007 for a project in Noida.

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