MT Educare Limited — Important, 30-06-2025: Updates

MT Educare Limited is undergoing Corporate Insolvency Resolution Process since December 2022. The company has defaulted on principal and interest repayments totaling INR 32.33 Cr to lenders including Axis Bank and Prudent ARC. Outstanding secured loans carry interest rates between 11.2% and 13.75%. Additionally, invoked corporate guarantees of INR 23.99 Cr exist against subsidiaries. The resolution professional is managing creditor claims as the insolvency process progresses. This highlights continued financial stress and restructuring efforts impacting debt servicing and stakeholder outcomes.