Is it true that DB Realty has defaulted on its loan commitment?

That is absolutely correct. DB Realty has defaulted on 06-January on payment of interest and principal to the extent of Rs.698 crore. Under the new rules, companies are required to report such defaults on the same day to the stock exchanges. DB Realty is engaged in residential, commercial and cluster redevelopment projects. The company was promoted in 2006 by Vinod Goenka and Shahid Balwa and listed on NSE and BSE.