Yash Birla Group promises refund of FD money without interest
April 12, 2014
Birla Power Solutions has submitted a proposal to Bombay High Court offering to repay money to its creditors of past eight years. However the Yash Birla group company will not pay interest to its fixed deposit holders
Moneylife Digital Team
The debt-ridden Yash Birla Group unit Birla Power Solutions Ltd (BPSL) has proposed to refund money it collected over eight years ago from investors for its corporate fixed deposit (FD) scheme. However according to the proposal submitted before the Bombay High Court, the company would pay only the principal amount over next three years without any interest.
.jpg "MoneyLife")
