Banks Sign ICA For HCC Resolution
  • WebDesk BTVI
  • Jul 25 2019

The Hindustan Construction Company (HCC) has defaulted in books of account of banks, after which the lenders have signed inter creditor agreement (ICA) for the resolution of HCC, according to sources. BlackRock is said to have given proposal of paying lenders via arbitration awards. BTVI's Ankur Mishra gives more details on the story.