Three firms from region on list of bank defaulters

Tribune News Service

Updated At : 12:41 PM Apr 29, 2020 IST

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Chandigarh, April 28

Region-based Kudos Chemie, Surya Pharmaceutical and SEL Textiles were among the top 50 wilful defaulters whose loans were technically written off by banks.

Dera Bassi-based Kudos Chemie owed Rs 2,326 crore. The company manufactures xanthines, purines and its varied derivatives.

Surya Pharmaceutical owed Rs 1,208 crore to banks. Based in Chandigarh, it makes and supplies formulations, herbal products and mint and menthol derivatives. Ludhiana-based SEL Textiles owed banks Rs 718 crore. As per the RBI, all defaulters are facing action in the form of extradition proceedings and attachment of properties. — Vijay C Roy

2 of them Pharma Cos

Dera Bassi-based Kudos Chemie owed Rs2,326 crore
Chd-based Surya Pharmaceutical owed Rs1,208 crore
Ludhiana-based SEL Textiles Ltd owed the banks Rs718 crore

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