Max to seek policy change to reduce Noida authority dues
The company is the winning bidder for a Noida commercial real estate project that had gone bankrupt. The project owes about Rs 700 crore to the Noida authority, but as per Max’s resolution plan for the project, it is willing to pay only around Rs 400 crore and wants the authority to take a haircut on the rest of the amount as banks often do.
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