With aggregate claims against IVRCL touching Rs 13,406 crore, the Hyderabad-based diversified construction major's debt is now close to some of the large NPA accounts identified by the Reserve Bank of India (RBI) for immediate resolution. Among the major financial creditors, ICICI Bank tops the list with a claim of Rs 913.30 crore, followed by Canara Bank at Rs 899.90 crore, Indian Overseas Bank (Rs 763.05 crore), IDBI Bank (Rs 720.20 crore), State Bank of India (Rs 663.11 crore) among others. There are about 20 financial creditors of IVRCL with dues of Rs 7,016.15 crore, including bank's NBFCs, Life Insurance Corp and also Assets Care & Reconstruction Enterprise promoted by Punjab National Bank and Axis Bank which have dues of Rs 452 crore. These apart, there are 18 financial creditors of IVRCL's subsidiaries totalling Rs 3,993.63 crore. The list was prepared after receiving claims till March, and might swell if claims received after that are compiled and added, sources said.

Source: dna April 18, 2018 23:37 UTC