After Dena Bank, Canara Bank targets Transstroy

Transstroy, the company which is working on the Polavaram, is losing its reputation. Recently, Canara Bank in Secunderabad approached the Law Tribunal, requesting that Transstroy be declared insolvent, its assets be attached and auctioned to repay bank loans. Similar petitions have also been filed by other banks. To avoid loss of credibility in the market, Transstroy has announced that the petitions have been filed against Transstroy India Limited, which is a separate entity. More details in the video below:

 

 

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