Low Hopes

IN Media Watch Briefs | 09/10/2012

Banks that have lent loans to Deccan Chronicle Holdings Ltd are caught in a fix as they might have to write-off the loans lent due to meager collateral, slow progress in the investigation into a possible fraud and depleting value of the main business of the company. The total loan lent to DCHL is Rs. 4000 crore and the least amount that the banks hope to recover is Rs. 1000 crore through the sale of Deccan Chargers. However, the dispute with BCCI and stiff conditions set by buyers has made it even more complicated. (TOI)