Analysis: Deadbeat corporate borrowers? Not in India
Posted on June 20, 2012 at 01:50 AM EDT
MUMBAI (Reuters) - Lenders to India's Hotel Leela, a 5-star chain that is more than two months behind in payments on $700 million of debt, are likely to bite the bullet and amend the loan terms rather than declare it in default, say bankers involved in the talks.