New Delhi, Mar 31 (KNN) In the ongoing Binani Cement case, the latest development being the bidding clearance given by the Competition Commission of India (CCI) to Aditya Birla Groups’s UltraTech for taking over, the Micro, Small and Medium Enterprise (MSME) creditors have raised that their share with the company is still due.

Earlier, the Micro, Small and Medium Enterprises (MSME) sector credits of Binani Cement took the matter to the National Company Law Tribunal (NCLT) claiming that the company owed them an amount over 700 crores.

Rajesh Tibrewal, one of the representatives from the MSME creditors side in a press interview said that the 700 crore amount is just the principal amount and the plea is important to be heard.

Talking to KNN, V.K Agarwal, Past President of Federation of Indian Micro and Small & Medium Enterprises (FISME) said that the plea of the MSME creditors must be looked at for once.

With the due not being paid, it is going to impact the target MSME credit ecosystem with the sector already facing in a lot of stress.

Agarwal further said that the MSMEs in other sectors and different parts of the country might not have a direct connection with the ongoing row, yet it is badly impacting the MSME credit chain, therefore there is a genuine stake of the MSMEs in the whole thing. (With inputs from a media report) (KNN/DA)