Deals3 Feb 2024, 10:51 pm
PNC Infratech Limited Receives Rs. 42.21 Crore in Arbitration Award
AI Summary
PNC Infratech Limited has received Rs. 42,20,96,506 towards an arbitration award in favor of the company in a matter of arbitration with Haryana State Roads & Bridges Development Corporation Limited. The company has furnished a receipt and an indemnity bond to the court, and the amount has been released by the State Bank of India.,
Key Highlights
- Received Rs. 42.21 crore towards arbitration award
- Favorable outcome in arbitration with Haryana State Roads & Bridges Development Corporation Limited
- Company furnished receipt and indemnity bond to the court