MT Educare discloses INR 32.33 crore loan and interest payment default
MTEDUCARE · price
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MT Educare reported loan and interest payment defaults to Prudence ARC and Axis Bank, dated 30 September 2025 and continuing since March 2021. Prudence ARC principal and interest were INR 16.44 crore and INR 3.75 crore; Axis Bank's were INR 7.65 crore and INR 4.51 crore. Total borrowings outstanding were INR 32.33 crore. The company is under the insolvency resolution process since 16 December 2022. Called-on corporate guarantees total INR 23.99 crore.
Payment defaults show high financial risk and are negative for shareholders, adding pressure to the equity during the insolvency process.