NCLT dismisses ICICI Bank's plea to initiate insolvency proceedings against Era Infrastructure
Updated : May 13, 2019 06:51 AM IST
A two-member bench headed by NCLT President Justice MM Kumar observed that ICICI Bank has already raised similar claims against its parent company Era Infra Engineering, which is currently undergoing resolution process.
The tribunal held that "on account of duplicacy" of the claims, the petition filed by ICICI Bank "can not be entertained".
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