Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms

The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above.

Suzlon, Jaypee Infratech, Hindustan Construction Co (HCC), Reliance Naval and Engineering, Gayatri Projects and numerous different organizations on Tuesday revealed their defaults in their administrative filings to stock trades.

The exposures were made after a November 2019 Securities and Exchange Board of India's order soliciting organizations to reveal defaults from 30 days or more.

Suzlon Energy said the organization's present default sum remained at Rs 7256 crore.

The exposure included the date of default was March 2019.

Of this, Rs 538 crore was expected as intrigue, while the rest of the was a default on chief sum payable. The organization in its exposure pegged its all out budgetary obligation at Rs 14048 crore.

Jaypee Infratech's present default remained at Rs 6,721 crore, while its all out obligation was Rs 13,438 crore. The exposure included the organization was proclaimed a non performing resource in September 2015.

HCC has defaulted on an installment of Rs 277 crore while its absolute obligation was Rs 10,390 crore.

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