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NCLT allows ICICI Bank's insolvency plea against Punj Lloyd over Rs 854 crore default

Updated : March 08, 2019 07:59 PM IST

A two-member Principal Bench headed by president justice MM Kumar has admitted the lender's plea to initiate insolvency proceedings against Punj Lloyd for a default of Rs 853.83 crore.
Confirming the development, Punj Lloyd said in a regulatory filing that the company was waiting for the copy of the full order to provide further details.
NCLT allows ICICI Bank's insolvency plea against Punj Lloyd over Rs 854 crore default

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