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IDBI Bank Asked To Pay Full Maturity Value of Rs1 Lakh with 9% Interest to 1992 Bondholder

While modifying the order of the state commission, the national consumer disputes redressal commission (NCDRC) directed IDBI Bank Ltd to pay Rs1 lakh, the full value of its deep discount bond series-I (issued in 1992), with 9% interest to a bondholder, who did not receive the call notice given by the lender for redemption of these bonds.

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