Peninsula Land

Ashok Piramal Group's Peninsula Land Misses Debt Repayment of Rs 2.35 Crore to SBI

“The debt and interest against this facility are serviced by an arrangement whereby the monthly rent received from the government goes towards the discharge of the dues under the said facility. Lately, there have been delays in the payment of rent by the government which, in turn, resulted in delay in payment to SBI on the due date," the company said.