The Reserve Bank of India (RBI) has released a second list of loan defaulters that contain 40 companies including some of the Telugu companies. The companies which are likely to face the legal action are IVRCL Infra, East Coast Energy, Coastal Projects, Nagarjuna Oil Refinery, Soma Enterprises etc. RBI has asked the banks to proceed with legal action.The central bank is likely to advise the lenders to haul these companies to the National Company Law Tribunal for bankruptcy proceedings. Watch the video.
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