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Sterling Biotech promoters to pay Rs 3,100 crore to lenders

Tuesday, September 24, 2019, 10:55 AM

The fugitive promoters of Sterling Biotech will pay back the entire Rs 3,100 crore that they had settled with the lenders to wrest back the control of the insolvent company as per schedule. It will be all clean money, and not proceeds of crime, their lawyer informed the National Company Law Company Appellate Tribunal (NCLAT).