RE: .8 Nov 2018 22:05
The company has written off nearly 3,000 crores as exploration costs. The company had interest dues of 1,800 crores in 2015 alone to the banks. To put this in context, Kingfisher Airlines is alleged to owe the banks 9,000 crores. GSPC's loans are more than twice that of Kingfisher. Similar to Kingfisher Airlines, GSPC's grand plans have also gone kaput. When Kingfisher and its promoter are rightfully vilified, why are GSPC and its protagonists not questioned?