The Challenge   The stress did not arise because of poor business intent or repayment indiscipline. In fact, the company had remained regular in servicing its credit facilities, including finance cost obligations. However, several pressures converged at the same time.              Capex overrun beyond plan The expansion and modernization project exceeded the planned cost. As […]

The Challenge   The stress did not arise because of poor business intent or repayment indiscipline. In fact, the company had remained regular in servicing its credit facilities, including finance cost obligations. However, several pressures converged at the same time.              Capex overrun beyond plan The expansion and modernization project exceeded the planned cost. As […]

The Challenge   The stress did not arise because of poor business intent or repayment indiscipline. In fact, the company had remained regular in servicing its credit facilities, including finance cost obligations. However, several pressures converged at the same time.              Capex overrun beyond plan The expansion and modernization project exceeded the planned cost. As […]