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Июль
2023

NCLT adjourns claim pleas against Punj Lloyd

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In the case of the invocation of bank guarantee by Mitsubishi Heavy Industries Limited, the bench part heard the matter and listed it for July 12. Mitsubishi claims there was a 10-month delay in completion, and the corporate debtor had failed to conduct repairs either. The counsel cited examples of IOCL and GAIL for invocation of bank guarantee.



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