Ahmedabad NCLT directs PNB to approach the Mumbai bench in Essar Shipping case

The state-owned lender had approached the Ahmedabad NCLT against Essar Shipping, for the default committed by Essar Oilfield (now known as OGD Services), in making payment of stand by letter of credit (SBLC) facility of $27 million, where Essar Shipping was a guarantor.

from Transportation-Industry-Economic Times https://ift.tt/31NYp68