Debenture holders move NCLT over '312-crore claim against GVK power

Debenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructure, the ultimate holding company of GVK, claiming the holding company had guaranteed repayment of funds worth ₹312 crore provided to group companies, according to sources briefed on the matter.

from Energy-Industry-Economic Times https://ift.tt/hWScFRD