Swastik Pipe Limited Settles Loan with Vivriti Capital Limited
Swastik Pipe Limited announced that it has completed a One-Time Settlement (OTS) with Vivriti Capital Limited for a loan account. The company has made the payment and settled the outstanding dues.Following the settlement, Vivriti Capital Limited issued a no-dues certificate confirming the completion of the loan. The outstanding loan amount was Rs. 8,00,00,000.
Swastik Pipe Limited is continuing discussions with other lenders to pursue OTS or restructuring on a bilateral basis.
No-Dues Certificate Details
- Borrower: Swastik Pipe Limited
- Lender: Vivriti Capital Limited (formerly Vivriti Capital Private Limited)
- Facility Amount: Rs. 8,00,00,000
- Sanction Letter Date: August 26, 2024
- Settlement Acceptance Date: March 7, 2025
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