MT Educare Limited disclosed a default on repayment of principal and interest to banks and financial institutions, including Prudence ARC and Axis Bank, as of September 30, 2026, with a total outstanding amount of Rs 32.33 crore. The company, which has been under Corporate Insolvency Resolution Process since December 16, 2022, also reported corporate guarantees of Rs 7.3 crore to Axis Bank and Rs 16.69 crore to Prudence ARC, related to Sri Gayatri Education Society and Lakshya Forum for Competitions Private Limited, respectively.