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.
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