MT Educare reports loan defaults amid insolvency process
MTEDUCARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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MT Educare said interest and principal payment delays began during COVID-19 restrictions and continued amid later business challenges. At September 30, 2025, borrowings outstanding were Rs 32.33 crore, while the table showed no default amount. Lenders had called on guarantees of Rs 7.30 crore and Rs 16.69 crore. The company remains under an insolvency process. A Rs 49.72 crore guarantee claim was rejected, with an appeal pending.
Shows financial stress and creditor recovery risk. No current default amount is stated, but insolvency proceedings and appeals remain major risks.