(a) whether the Essar Group of Companies have more than Rs.400 crore as
outstanding loan payable to IDBI, ICICI and GIC which have not been
cleared so far;
(b) whether it is also a fact that additional financial assistance has been
provided as bailouts to this Group; and
(c) if so, the details thereof and the action being taken to recover dues from
this Group?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)
(a) to (c ): IDBI, ICICI and GIC have also financed Essar Group of Companies.
However, in accordance with the practices and usages customary amongst
banks and in conformity with the provisions of statutes governing public sector
banks and financial institutions as also the provisions of public Financial
Institutions (obligation as to Fidelity and Secrecy) Act, 1983, details relating to individual constituents cannot be divulged.