Summary:
On this, Gutte said that Munde has also included CC, LC and BGs in the calculations. “As far as term loans are concerned, the entire group has a debt worth Rs125 crore. “Hence he arrived at a wrong figure,” said Gutte.He said Munde has been his adversary since a long time and they had a bitter dispute over a plot of land. After calculating LC, CC and BG, it comes to Rs2150 crore,” he said.Gutte argued that CC and LC are working capital arrangements with a bank and cannot be treated as loans. Gutte said he had contested 2014 state elections against Munde’s brother-in-law Madhusudhan Kendre..