SBI moves to invoke Essar Steel Promoters' personal guarantees of Rs 15K cr

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The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here in Gujarat.

Essar Steel Lenders led by the SBI are saddled with dues of over Rs 63, 000 crore, including overdue interest and penalties.

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penalties including recovery interest saddled overdue against before filed crore

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