Promoters of Karanja Terminal & Logistics (KTPL), led by Nikhil Gandhi, have proposed a ₹472 crore settlement to Canara Bank and other lenders against an outstanding debt of ₹590 crore. This revised offer exceeds Prudent ARC’s ₹460 crore bid submitted during a Swiss auction. KTPL operates a strategically located port and logistics facility near Mumbai, benefiting from strong connectivity and upcoming infrastructure developments.
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