{"id":12678,"date":"2022-01-01T19:51:44","date_gmt":"2022-01-01T14:21:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-dcm-default\/"},"modified":"2022-01-02T12:09:37","modified_gmt":"2022-01-02T06:39:37","slug":"biz-dcm-default","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-dcm-default\/","title":{"rendered":"DCM Ltd defaults in payment of interest, principal amount"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-641112128\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2055065586\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said.<\/p>\n<p>The default has happened on January 1, 2022, it added.\u00a0\u00a0 \tThe total default amount is Rs 56 lakh, which includes Rs 10 lakh towards payment of the principal amount and Rs 46 lakh for interest, according to the filing.<\/p>\n<p>DCM Ltd\u2019s total amount outstanding borrowings from banks is Rs 36.76 crore.\u00a0 \tThe company through a restructuring scheme, for which it has sought approval from regulators, has proposed to transfer its Engineering Business Undertaking to DCM Engineering Ltd,\u00a0known as DCM Tools &#038; Dies, on a going concern basis by way of slump sale.\u00a0 \tIt will also restructure outstanding loans, debts and liabilities pertaining to Engineering Business to improve its serviceability and revive its Engineering Business. PTI KRH  BAL BAL<\/p><div class=\"trade-content_5\" id=\"trade-4220326620\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3464532469\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions. It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-12678","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DCM Ltd defaults in payment of interest, principal amount - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-dcm-default\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DCM Ltd defaults in payment of interest, principal amount\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions. It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said. 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