Hyatt Regency Mumbai owners defaulted on loan repayment before shutting operations

As per filings made to the stock exchanges, Asian Hotels (West) failed to repay the principal and interest of Rs 4.32 crore taken from Yes Bank as term loans. The defaults included a car loan EMI of Rs 400,000. Asian Hotels has a total debt of Rs 262.54 crore.

from Moneycontrol Business News https://ift.tt/2S9IC15