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PNC Infratech Limited โ€” Important, 08-04-2026: Disclosure of material issue

08-04-2026 | 03:29 pm

PNC Infratech (@PNCINFRA) has resolved a long-standing issue! ๐Ÿ—๏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 โ‚น29.51 Cr bank guarantee and significant company resources.

**The Fix:** PNC decided to no longer pursue the plan and reached an amicable settlement. They received โ‚น20 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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