Previously, due to the Company's inclusion under the Insolvency and Bankruptcy Code 2016 (IBC), it had disclosed defaults in payments of interest or principal amounts on loans from Banks. However, after the implementation of the Resolution Plan as approved and ordered by the National Company Law Tribunal, Mumbai Bench (NCLT) vide its order dated 8th December 2023, the Company's status regarding outstanding loans no longer constitutes default in payments to the Banks.