Rs280.68 cr loan default as on Sep 30: Coffee Day's Sical Logistics
Integrated logistics provider and part of the Coffee Day group, Sical Logistics, on Sunday said it has defaulted a sum of Rs 280.68 crore of loans taken from banks and financial institutions and interest on that.
 
In a regulatory filing, the city-based Sical Logistics said its total outstanding -short and long term borrowings - as on 30th September, stands at Rs913.87 crore.
 
Out of that, the amount of default as on date stands at Rs280.68 crore.
 
According to Sical Logistics, the default amount mentioned above is excluding loan recalled amount of Rs241.48 crore, due to non-compliance of certain covenants of the loan agreement.
 
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