Builder Blames Delayed Rent by India for Missed Debt Payment
A man walks past a a taxi outside the Peninsula Corporate Park, developed by Peninsula Land Ltd., in the Lower Parel area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Builder Blames Delayed Rent by India for Missed Debt Payment

(Bloomberg) -- Peninsula Land Ltd., an Indian property developer, blamed overdue rent from Prime Minister Narendra Modi’s government for missing a 23.5 million rupees ($330,000) debt payment.
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