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This is an archive article published on April 21, 1998

ITC agrees to pay Stanchart dues

CALCUTTA, April 20: The ITC management on Monday agreed that it would take over Rs 26 crore in liabilities of ITC Classic, which it owed to ...

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CALCUTTA, April 20: The ITC management on Monday agreed that it would take over Rs 26 crore in liabilities of ITC Classic, which it owed to Standard Chartered Bank before the Calcutta High Court.

ITC also agreed to pay off the debt within June 1999. Following the stand taken by the ITC, Standard Chartered Bank withdrew its objection made through an appeal petition, to the merger order of ITC Classic with the ICICI.

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