HUDCO has recovered Rs.317 crore in an old loan default case.

The company in a release stated that, an old loan default case of a borrower has been substantially resolved after prolonged litigation, where HUDCO has received an amount of Rs.317 crore, against the dues of Rs.469.38 crore as on March 31, 2018.

Further, the company’s board of directors are proposed to meet on May 30,2018 to consider and approve the audited financial statements for the quarter and year ended March 31,2018.

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