Marshall Machines has defaulted on various loans. The company’s total outstanding borrowings from banks and financial institutions amount to Rs. 33.77 Crores
Defaults on Cash Credit and Working Capital Demand Loans (WCDL):
Name of Lender: HDFC Bank
Date of Default: October 2, 2023
Default Amount: Rs. 0.21 Crores
Total Principal Outstanding: Rs. 31.88 Crores
Total Outstanding Borrowings: Rs. 33.77 Crores
Defaults on Secured Loans:
Names of Lenders: HDFC Bank Limited, Aditya Birla Finance Limited, Ashv Finance Limited, Electronica Finance Limited, Hero Fincorp Limited, IDFC First Bank Limited, Siemens Financial Services Private Limited, Small Industries Development Bank of India (SIDBI), Tata Capital Financial Services Limited
Dates of Default: Between October 2, 2023, and October 11, 2023
Default Amount: Rs. 0.31 Crores (Principal), Rs. 0.12 Crores (Interest)
Total Principal Outstanding: Rs. 31.88 Crores
Total Outstanding Borrowings: Rs. 33.77 Crores
Defaults on Unsecured Loans:
Names of Lenders: Aditya Birla Finance Limited, Ashv Finance Limited, Clix Capital Services Private Limited, IDFC First Bank Limited, Magma Fincorp Limited, Moneywise Financial Services Private Limited, NeoGrowth Credit Private Limited, Tata Capital Financial Services Limited
Dates of Default: Between October 3, 2023, and October 21, 2023
Default Amount: Rs. 0.11 Crores (Principal), Rs. 0.02 Crores (Interest)
Total Principal Outstanding: Rs. 31.88 Crores
Total Outstanding Borrowings: Rs. 33.77 Crores
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