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MMTC announced that pursuant to outstanding existing financial assistance/credit facilities Restructuring Scheme approved by Banks of MMTC in terms of above RBI guidelines, the Board of Directors of the company approved the Implementation and Signing of necessary documents in this regard on 8 June 2021. State Bank of India is the lead Banker.
Under this scheme, the company has got moratorium/deferment on recovery of interest for credit facilities upto December 2021/March 2022 and for Principal upto March 2022 by different Banks.
The final settlement is envisaged out of divestment proceeds of Neelachal Ispat Nigam (NINL).
It may be affected by cases/ Anglo Coal, Government directives and Covid-19 pandemic situation etc. Requisite information/records were shared with Banks and subsequently, the company/banks have signed the Master Debt Resolution Agreement, Transfer & Retention Account Agreement and other necessary documents thereto, on 8 June 2021.
ruhle. you are watching the white house right now. president trump is hosting a meeting with his cabinet. we re about to get video of the meeting any moment. we ll bring you any news out of it as soon as we get it. remember the last one, when everybody was congratulating the president? the cabinet meetings are fun. this is the greatest, super special honor of my life. weird moment. wonder if we ll get another one. new developments in the russia investigation. the president s son-in-law, jared kushner, neglected to disclose a russian back door overture and dinner invite involving ad banker with allege ties to organized crime. this is far from the first discussion about meetings with the trump team and russian officials. in 2016, george papadopoulos, who recently joined the campaign, met twice with a professor during a visit to europe. one of the meetings was also attended by a woman falsely presented az p eed as putin s n.