The project on which company has been banking (ed) upon with the hope that these new projects can revive company’s financial conditions, got failed. Now the company is burdened with (in) huge debts. The company has taken a lot of loans from the banks for these projects. Most of the revenue which flows in gets utilized in repaying the loans. Even then, the company has been the defaulter of many banks. Even payment of Employees’ salary gets delayed.
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