PNC Infratech Limited โ Important, 08-04-2026: Disclosure of material issue
08-04-2026 | 03:29 pm
08-04-2026 | 03:29 pm
PNC Infratech (@PNCINFRA) has resolved a long-standing issue! ๐๏ธ Their 2020 resolution plan for Gwalior Bypass Project Ltd was stalled in NCLT for ~6 years due to legal challenges. This tied up a โน29.51 Cr bank guarantee and significant company resources.
**The Fix:** PNC decided to no longer pursue the plan and reached an amicable settlement. They received โน20 Cr as compensation for costs incurred. This move allows PNC to exit a protracted legal battle and free up resources for future projects. #PNCInfra #Infrastructure
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