| MT Educare Limited disclosed a default on repayment of principal and interest for loans from banks and financial institutions, including ECBs, totaling Rs 32.33 crore as of June 30, 2026. The defaults relate to term loans, overdraft, and corporate guarantees from Axis Bank Limited and Prudence ARC, with outstanding amounts of Rs 7.16 crore and Rs 20.19 crore respectively, along with interest. The company, which has been under Corporate Insolvency Resolution Process since December 16, 2022, also faces corporate guarantee obligations of Rs 7.3 crore to Axis Bank Limited and Rs 16.69 crore to Prudence ARC, related to Sri Gayatri Education Society and Lakshya Forum for Competitions Private Limited. |