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The National Company Law Tribunal (NCLT), Chennai, on Monday (September 1, 2025) admitted Aban Offshore Ltd. for insolvency resolution, following a petition filed by Punjab National Bank.
The order copy is awaited, Aban Offshore said in a filing to the stock exchange.
Punjab National Bank, a financial creditor, had moved the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, for a default amount of ₹366.09 crore, the company said.
Published – September 02, 2025 12:20 pm IST
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